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Michael Summersgill (pictured), CEO of AJ Bell
Plans announced in the Autumn Budget to levy inheritance tax (IHT) on pensions are “complex and costly” and risk leaving beneficiaries with increased costs prior to receiving their pension income, AJ Bell chief executive (CEO) Michael Summersgill has warned the Treasury.
In a letter seen by Professional Pensions' sister title Investment Week, Summersgill wrote to the chancellor and said "applying IHT to pensions creates delays for beneficiaries, will be costly and ...
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