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  • RE: Gifts out of pension income

    I tried that and unfortunately HMRC are not willing to give advice unless dealing with a dead persons estate
  • Gifts out of pension income

    My pension advisor says that drawdown income from pensions is classed as capital not income and does not qualify to be used for gifts out of income for IHT purposes even though it is subject to income tax. I have read different reports about this with some saying It does and others saying it is only income from defined benefits pensions that count not income from defined contribution pensions. How do I get correct advise?