DB pension and IHT

[gfod49]

Pretty sure I know the answer, but am asking the question for confirmation. My DB pension was sold on to an Insurance group and I now
have an individual policy with the same terms as the original pension deed. On my death my wife receives 2/3rds of my pension and on her death the policy ceases, unless one of my sons becomes a dependent carer in which case there is some discretion to provide a dependants pension. There is however no pension pot as such and so I assume no IHT liability?

[strawn]

I confess to being a complete amateur but I've never heard of IHT being charged on a DB pension. How could it be: what capital is there left to tax? Google AI:

Dependant's pensions from a defined benefit (DB) scheme are excluded from upcoming inheritance tax (IHT) changes ... Official guidelines are detailed by the UK Government GOV.UK Portal.Defined Benefit Rules and Exemptions

Dependant's scheme pensions: Continual regular pension payments paid to a dependant or spouse from a DB arrangement are completely excluded from IHT.

General Pension Changes (Effective 6 April 2027) Unused funds: Most unspent defined contribution (DC) pension pots and certain discretionary lump sums will be included in the value of an individual's estate for IHT.

Income tax vs. IHT: Dependant's pensions remain subject to regular income tax based on the recipient's marginal rate, independent of IHT treatment