Pension problem

At a brief meeting the other day my new client mentioned that he is about to retire and he told me that his pension scheme will pay him a guaranteed pension for a ten-year period. If he were to die after say one year will there be an inheritance tax liability on the payments for the other nine years?

I have it in mind that the proceeds of a life assurance policy can be paid without inheritance tax 'biting' but is this the same for pensions?

Also I am not entirely sure exactly what type of pension he was paying into. Would this make any difference?

Query 17 243 — OAP.

Reply by Lacuna:

Under general principles (IHTA 1984 s 4(1)) 'on the death of any person tax shall be charged as if immediately before his death he had...