An excellent article by @PensionsMonkey in @thetimes on the huge problems with bringing Pensions into the scope of IHT! 👀thetimes.com/money/tax/artic… The administrative problems: ✖️Executors must pay the tax but may not have access to the pension money, so they may need to find funds elsewhere. ✖️Late payment interest starts six months after the end of the month of death, at Bank Rate plus 4 points (7.75% now). On the average liable estate’s bill of £231,000, that is nearly £18,000 a year. ✖️Executors can ask schemes to hold back up to 50% of a pot to cover tax, which delays payouts. This hits children and unmarried partners hardest, since spouses and civil partners are exempt. ✖️The pensions dashboard, expected in 2027-28, won’t be open to executors, so they must trace pots manually. ✖️Illiquid assets such as property or private markets could take weeks to value and months or years to sell. HMRC has so far refused staged payments, unlike for other illiquid assets. ✖️A pension found late means reopening the tax settlement, and late payment charges could in theory consume the whole pot.