Inherited Pension Flashcards

1
Q

Dependant classification

A

Spouse
Child under 23 or dependent due to physical or mental health conditions
Anyone else financially dependent

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2
Q

Nominee classification

A

Not a dependant

Can be nominated by the member

Or scheme administrator if no deps or no nomination

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3
Q

Successor classification

A

Nominated by a dependent, nominee or successor

Can be nominated by scheme administrator if not nominated by dep or nominee
Successor only exists within flexi access

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4
Q

Charity classification in terms of inherited pension

A

Nominated by member, dependant or successor

Only available if no member dependants remain

Only from DD or unused MP funds

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