SIPP after PCLS still outside of estate for IHT?

Sobraon

Mrs S and I  both have SIPPS.  We are considering taking the 25% untaxed PLCLS only from our SIPPS (we are over 55). 

Simply put do the funds that remain in the SIPPS after we draw the PCLS(s) continue to stay outside of our estate for IHT purposes? Thanks.

Marcon

Sobraon said:

Mrs S and I  both have SIPPS.  We are considering taking the 25% untaxed PLCLS only from our SIPPS (we are over 55). 

Simply put do the funds that remain in the SIPPS after we draw the PCLS(s) continue to stay outside of our estate for IHT purposes? Thanks.

Funds still within the SIPP are not under current legislation subject to IHT, but the age at which you die impacts on the tax consequences. See https://www.hl.co.uk/help/sipp,-drawdown-and-annuity/sipp/retiring/what-happens-to-my-SIPP-when-i-die

The 25% tax free lump sums (or at least any part of them which remains unspent when you die) form part of your estate and thus are potentially subject to IHT.