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
2
Q
Nominee classification
A
Not a dependant
Can be nominated by the member
Or scheme administrator if no deps or no nomination
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
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