Pension Scammers Target People Who Want To Avoid IHT

Moonwolf

Putting this here just in case although I suspect none of the regulars here would fall for it.

As with all IHT, the only ways to avoid it are impoverish yourself, risk running out of money, convert cash to income, or trust your offspring.

https://www.theguardian.com/money/2026/may/10/pension-scams-inheritance-tax-loopholes-iht-rules-savings

Albermarle

As with all IHT, the only ways to avoid it are impoverish yourself are to start spending more money on enjoying your self instead of hoarding it away .

I think this change of phrase more suits the usual readers of this forum 😉

LightFlare

scamming tax avoiders - there’s a certain irony there

ali_bear

Or you could buy agricultural land.

Bostonerimus1

The article was a bit disappointing, very little detail.

ways to avoid IHT

buy an annuity

gift money

gift from excess income

put it in trust…just swaps one lot of taxes for another and comes with complexity and expenses

move to another country and live there for long enough.

Grumpy_chap

Arguably the scammers are serving a purpose.

There seem to be a significant number of senior members of society who won't spend their money on themselves and won't gift the money during lifetime, so just hoard the cash but those same individuals are now also concerned about incurring IHT which they want to avoid at all costs.

It is a circle that cannot be squared in normal mechanisms.

A company that takes the money away allows those contrary objectives to all be met. The money is not spent or gifted and IHT is avoided.

The solution is there needs to be far better financial education about what all that money people worked hard to accumulate is for. In the mean time, there are many villages, towns and cities up and down the country where the richest people are all in the graveyard.

😖

QQQQQQQQ_Y

https://forums.moneysavingexpert.com/discussion/6667616/pension-scammers-target-people-who-want-to-avoid-iht

You forgot not dying - at 309 I'm comfortably off now and my annuity is still ticking-over nicely.

BlackKnightMonty

maybe gift some money now; and help your family whilst you are still alive?

Silvertabby

Sadly, many of those who will fall for this scam probably wouldn't even have been liable for IHT.

QrizB

You forgot not dying - at 309 I'm comfortably off now and my annuity is still ticking-over nicely.

I see a future boom in out-of-season package holidays to Transylvania!

HedgehogRulez

seriously, the only real way is to give your wealth to your grandkids sooner rather than later