Overview
Technical resources
Tax planning opportunities for 2024/25 Replacement of the lifetime allowance Retirement Income Pension Forum The Platform Clinic Pension, retirement and tax planning Pensions tax relief and annual allowances The beneficiaries flexi-access drawdown conundrum Retirement and pensions training Personal tax and trust planning training
Technical hub Retirement income Regulation, due diligence and compliance Training support
Technical matters
Technical matters
Tax planning opportunities for 2024/25 Replacement of the lifetime allowance Retirement Income Pension Forum The Platform Clinic Pension, retirement and tax planning Pensions tax relief and annual allowances The beneficiaries flexi-access drawdown conundrum Retirement and pensions training Personal tax and trust planning training
More support
Paraplanner technical hub
Paraplanner technical hub
Technical hub Retirement income Regulation, due diligence and compliance Training support
The beneficiary flexi-access drawdown
Beneficiary flexi-access drawdown (BFAD) allows individuals to pass on pension benefits in a manner where the beneficiaries have immediate access to the funds after death, while retaining some of the main advantages of being within a pension arrangement. This includes tax-free growth and favourable IHT treatment.
The rules for who can receive pension funds as a BFAD arrangement are quite complex though. Additionally, the option to “nominate” non-dependants means that expression of wish forms need to be regularly reviewed and updated where required.
The rough guide to money purchase pension death benefit options
Our flowchart provides a simple analysis of the underlying law and the evaluation to follow for each potential beneficiary.
Download nowPension death benefits payable under money purchase schemes
Topics include: Income tax treatment of benefits paid following the death of the member under age 75; Income tax treatment on death age 75 and over Charity lump sum death benefits.
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Pension death benefits payable under defined benefit schemes
Topics include: Death in service, in deferment or in retirement; Potential beneficiaries; Taxation – member’s death before age 75; Pension freedom rules.
Download nowExpression of Wish and Nomination form guide
A client-friendly guide explaining the importance of completing an expression of wish.
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Replacement of the lifetime allowance
The new rules and what they mean for clients.
Bereavement and planning ahead
Here you’ll find all the information you need in relation to administering an account following the death of a client.
Questions or feedback
Although the information provided in this package is fairly comprehensive, it may not answer all your questions. While we can’t undertake to respond to you individually, we’d like to hear your feedback to help develop material that best assists you.