A detailed look at the rules regarding the taxation of pension death benefits with effect from 6 April 2015.
"The headline point is that where a member dies under age 75, their loved ones (in most circumstances) will be able to receive any remaining pension savings completely free of tax."
This briefing note summarises the changes to pension death benefits; in particular, the taxation implications underpinning the rules and an explanation of how drawdown funds can be cascaded down the generations; for example, from member to dependant to successor, or from member to nominee to successor.
To find out more, download the briefing note below.