Inheritance Tax Act 1984 section 151A

Person dying with alternatively secured pension fund

Section 151A dealt with the inheritance tax treatment of alternatively secured pension funds held by a person at the time of their death, but this section has been removed from the legislation.

• Section 151A was introduced by Finance Act 2006 to impose inheritance tax charges on alternatively secured pension funds remaining at death
• Alternatively secured pension funds were a type of drawdown arrangement available to individuals aged 75 or over as an alternative to purchasing an annuity
• The section was removed from the legislation by Finance Act 2011, effective for deaths occurring on or after 6 April 2011
• The repeal reflected wider changes to the pension tax rules which abolished the concept of alternatively secured pensions altogether

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