Death benefits

Pension death benefits and tax

Pensions can play a far more dynamic role in terms of succession and inheritance tax planning. Paul Kennedy explores both the structure and taxation of death benefits from money purchase pensions.

 

Death benefits payable under money purchase schemes

The pension freedom rules introduced in April 2015 standardised the death benefit treatment for the different money purchase retirement options. Below we look at a few of the types of death benefits payable under the money purchase schemes. For more types or for further information please refer to our guide which can be found at the bottom of this page.

Types of benefits

Lump sums
Pensions

Death benefits payable under defined benefit schemes

Although death benefits under defined benefit schemes have largely remained unchanged as part of the pension freedom rules introduced in April 2015, there have been some key changes in how they are taxed.

Below we look at a few of the types of death benefits payable under the defined benefits schemes. For more types or for further information please refer to our guide which can be found at the bottom of this page.

Types of benefits

Lump sums
Pension

Death benefits overview with Neil Dickey

To support the CII syllabus for the JO5, RO4, R08 and AF3 exams

Video transcript

Pension death benefits (money purchase schemes)

For more information on death benefits payable under the money purchase scheme, download this guide.

Download now
pdf-image

Pension death benefits (defined benefit schemes)

For more information on death benefits payable under the defined benefit scheme, download this guide.

Download now
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Important information

The content contained on this page is designed to give professional financial advisers technical information on retirement planning and pensions legislation and should not be relied upon.

No statements or representations made in any of the content provided on this page are legally binding on Fidelity or the recipient and no liability is accepted in connection with this material or any matter discussed. FundsNetwork cannot give advice regarding tax.