Expression of Wish v Nominated Beneficiary

Malthusian

On the subject of IHT, it is worth noting that if you pay some money into a pension while in poor health and it is caught by the two year rule, you only pay IHT that you were going to pay anyway.

Plus you still get the tax relief, with the death benefits paid out free of tax assuming you die before age 75. (Which is likely to be a safe assumption as you only get tax relief before age 75.)

It used to be more of a concern for people transferring pension funds although the Staveley case has reduced these concerns somewhat.