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Draw down pension before 2027
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IHT on SIPPs will apply to any and all money and investments in the SIPP, in addition to the current IHT on any money and investments outside the SIPP. (with the exception of certain specific investment types).
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Thanks for those replies. Yes, I understand that if I take out TFC it will still be part of the estate (which will almost certainly be subject to IHT unless I and/or my wife have to spend a fortune on care). In the last few years I have had a strategy of drawing as much as possible within the standard rate tax band for myself and my wife, but I think I'll need to think about using our YFC first.
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YFC? (Body is 6 characters too short.)
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Maybe @redwing intended to say TFC?
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