Inherited pension and LTA

noneofthegearnoidea

If my child inherits my pension, after all inheritance tax has been paid , if money is left in that pension and not drawn, does it count towards my childs LTA for their own pension savings ? 

DRS1

Hasn't the LTA been abolished?

There is an LSA but an inherited pension doesn't have a tax free lump sum so I don't think that is an issue.

As for the LSDBA I don't know but I would have thought that would be tested on your death.

Marcon

noneofthegearnoidea said:

If my child inherits my pension, after all inheritance tax has been paid , if money is left in that pension and not drawn, does it count towards my childs LTA for their own pension savings ? 

The LTA has indeed been abolished.

It would depend on the legal/tax position at the time of your death - and nobody can predict that.

Albermarle

Can I be the first one to say I read the first speculation ( so far), that LTA could be reintroduced in the Budget?

Marcon

Albermarle said:

Can I be the first one to say I read the first speculation ( so far), that LTA could be reintroduced in the Budget?

Sticking to facts rather than rumour and speculation would be a better idea!

DRS1

Albermarle said:

Can I be the first one to say I read the first speculation ( so far), that LTA could be reintroduced in the Budget?

We will all know who to blame if it happens!

Albermarle

Marcon said:

Albermarle said:

Can I be the first one to say I read the first speculation ( so far), that LTA could be reintroduced in the Budget?

Sticking to facts rather than rumour and speculation would be a better idea!

I was not being serious, only a pointer to the wave of unfounded speculation that will assault us all in the next few months.