Pension scams: Britons warned over criminals offering inheritance tax loopholes

AI Summary

British authorities have issued warnings about pension scams that exploit confusion over inheritance tax changes. Fraudsters are targeting individuals with offers to move pension funds into schemes that promise to evade tax liabilities.

Fraudsters exploit confusion or anxiety over new IHT rules by offering a ‘safe haven’ for savings pots The caller pitches a great deal. Shift the moneysaved in your pension and reinvest it in a scheme overseas where you can avoid it being caught under next year’s changes to the UK’s inheritance tax (IHT) system. From April next year, any money left in a defined contribution pension after your death, which is most workplace and all private pensions, will be pulled into the IHT net. Continue reading...