UK Tax Rule Gives Wealthy Way to Avoid Inheritance Tax, IFS Says.

While the IFS said few of those dying today are bequeathing pension pots, it calculates that subjecting pensions to inheritance tax would eventually raise as much as £1.9 billion ($2.4 billion) a year. (Bloomberg) -- The UK tax system allows people to use their pension pots to avoid inheritance tax and should be changed to allow the government to collect more tax, a think tank has said. [Extracted from the article]