Inheritance Tax Act 1984 section 152

Cash options

Section 152 ensures that where a deceased person had the option under a pension scheme to take a lump sum instead of an annuity payable to their survivors, that lump sum is not treated as part of their estate for inheritance tax purposes.

Access full legislation.And much more.

By becoming a member, your team gets full access to Tax World research tools and source-backed tax resources.