Help. Very confused. My father died in March. He held a prudential with profits bond UK onshore for 23 years
Bond funds have been released to estate account for inheritance.
A chargeable event certificate was issued on death. Qualifying years 23 since inception of bond.
He was basic rate tax payer.
Is it my father liable for any tax due ? If so this would be zero as top slicing relief would apply
Or is the estate liable in which case I don’t think top slicing would apply.
Someone suggested that the rules around top slicing after death changed in 2020 and I can’t get my head around it.
Advice appreciated.
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