Reason three to pay into a pension before April 2015

Providing for loved ones: 

•  The new death benefit rules will make pensions an extremely tax efficient way of passing on wealth to family members – there is typically no inheritance tax payable and the possibility of passing on funds to any family members free of tax for deaths before age 75. 

•  Individuals may want to consider moving savings that would otherwise be subject to IHT into their pension to shelter funds from IHT and benefit from tax investment returns. Providing you are not in serious ill health at the time, any savings would be immediately outside the estate, with no need to wait 7 years to be free of IHT.