"Beware of Scams Targeting Pension Holders Amid IHT Rule Changes As the UK's inheritance tax (IHT) system is set for a major overhaul next year, fraudsters are capitalizing on the confusion and anxiety of pension holders. A growing number of scammers are making unsolicited calls, promising a 'safe haven' for savings pots by shifting funds into an overseas scheme that supposedly avoids the new IHT rules. However, experts warn that these 'deals' are nothing more than a clever ruse, designed to part unsuspecting individuals from their hard-earned savings. With the changes to IHT rules set to come into effect from April next year, pension holders are advised to be cautious and do their research before making any decisions about their retirement savings."
Fraudsters exploit confusion or anxiety over new IHT rules by offering a ‘safe haven’ for savings potsThe 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...
