Do tax wrappers go to heaven? CPD
1. Neena died age 50 leaving her husband Suraj and two children, Anu (age 17) and Rakesh (age 24). She did not make a nomination in respect of her money purchase pension scheme. However, as the scheme has full discretion on paying death benefits, income and lump sum death benefits are available for all three beneficiaries.


2. John’s Will, last updated in 2014, states his ISA investments are to be split equally between his two children. If he dies before his wife can she make use of the ISA Additional Permitted Subscription?


3. Ella and Jamal are joint owners and lives assured on a UK investment bond. Following Ella’s death the bond is surrendered. Who’s assessed for the chargeable event gain on the bond?




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