Member

New clause 19 would require the Government to report on the impact of the reforms on personal representatives. That would include the personal liability for tax on pension assets outside the estate, and any practical difficulties of identifying and valuing multiple pension arrangements within existing time limits. The changes that the Bill brings about are consistent with the process that already exists for administering estates and paying any tax due. Personal representatives are already responsible for administering the rest of the estate, including non-discretionary pension schemes, which are already within the scope of inheritance tax.