Inheritance Tax/Estate Planning

Sarahspangles

Anyone else think it would be timely to have a board/sub-board?

I had a quick look and it’s not in the original scope of this board or the Deaths, Funerals and Probate board. It is in scope of Cutting Tax, but the last dedicated thread there started in 2007. Currently there is an overlap with pensions as bringing these in scope of IHT is generating discussion, and many people are considering evasive action which will involve accessing a DC pension or SIPP.

Marcon

Sarahspangles said:

Anyone else think it would be timely to have a board/sub-board?

I had a quick look and it’s not in the original scope of this board or the Deaths, Funerals and Probate board. It is in scope of Cutting Tax, but the last dedicated thread there started in 2007. Currently there is an overlap with pensions as bringing these in scope of IHT is generating discussion, and many people are considering evasive action which will involve accessing a DC pension or SIPP.

Not half! This board is getting clogged up with people expecting hard answers and/or wanting to complain about legislation which was only suggested a few days ago, is nothing like in final form and won't come in until 2027 at the earliest.

I asked @MallyGirl, in her role as Senior Forum Ambassador, if this might be considered  - and she'd already had the same thought and is progressing with the powers that be. 

MSE_James

Hi all - can confirm @MallyGirl had raised this with the Forum Team -  please do keep your thoughts coming on whether a dedicated board might be desirable (and if so, what might be a good name for it) - we'll see how the dust settles in the immediate aftermath of the Budget but if it looks like there's an ongoing need for a separate board then it's certainly possible. 

We can also look at updating the descriptions for existing boards to make clearer where certain types of question are best raised - again, suggestions always welcome  

dunstonh

Personally, I don't think any further splitting of the pension forum is necessary.  Its not a particularly busy section and previous splits ended up being closed due to lack of posts or the regulars who would normally answer most of the questions not looking in the subforum and posts not getting answers.

poseidon1

MSE_James said:

Hi all - can confirm @MallyGirl had raised this with the Forum Team -  please do keep your thoughts coming on whether a dedicated board might be desirable (and if so, what might be a good name for it) - we'll see how the dust settles in the immediate aftermath of the Budget but if it looks like there's an ongoing need for a separate board then it's certainly possible. 

We can also look at updating the descriptions for existing boards to make clearer where certain types of question are best raised - again, suggestions always welcome  

I feel there is scope for it to have its own separate and distinct board ( not a sub board of pensions).

Trust queries have been cropping up all over the place ( Savings, Pensions, Deaths & Probate, as well as Cutting Tax).

A dedicated Inheritance Tax and Estate Planning board would seem to be  a more  logical home for people with questions in this area, and maybe avoid clogging up the other boards people have been using thus far?

Certainly I have seen trusts and iht planning queries cropping up with increasing  frequency and responses to those queries ( within a dedicated board)  could benefit others who ( for example) have no reason to visit the Pensions board.

Certainly an increase in general  Estate planning queries seems more than  likely given the IHT hit on pensions.