- posted 6 years ago
Perhaps I should have cross-posted to uk.legal, but I'm pretty sure that so meone here will know the answer. My question is: does a life insurance payo ut count as a declarable part of a deceased person's estate and more partic ularly, if it does, is it a taxable or a tax exempt part (i.e. does it coun t toward the amount taken into consideration for IHT purposes?). As a furth er consideration, does it matter how the insurance was arranged (e.g. a sta nd-alone policy versus one that is included as part of a pension scheme)? B eyond this, for someone who dies intestate, does it matter whether the life insurance scheme has a named beneficiary? Advice appreciated. Regards, Jim .