SIPPs and Inheritability Resource Adviser Guide

Providing for dependents after death. One of the largest concerns in retirement, after providing a sustainable income, is whether or not a client will be able to provide for their family after their death. This can cause a lot of stress for clients, and can easily be avoided with the right products and the right inheritance planning.

Some of the legacy products available on the market have not always had a great inheritability. Take for example the annuity, which may be subject to both Income tax and Inheritance tax depending on the type of the annuity and the age of the client when they died. Inheritance tax would be payable in the case of a lifetime annuity.