Death benefits - DC

Question 1

DC Pension Death Benefits Prior to age 75

Answer 1

Options x 3

1. Lump Sum
2. Dependants FAD
3. Lifetime Annuity

Death before 75

Tax-free to beneficiary, as a lump sum or as a series of withdrawals (No further LTA test as LTA was tested at crystallisation**)

Tax-free to any beneficiary as a lump sum or income (up to the value of the LTA ***)

Death after 75

Any beneficiary can draw an income or lump sum from the fund, taxed at their marginal rate. No further LTA test*

Beneficiary can draw an income or lump sum from the fund at their marginal rate. No further LTA test*