Holy crap!!! I needed this video!! I’m in the waiting phase for the next steps after submitting the will and DC! With minimal information of what’s going on. Thank you for this.
When you mentioned transfer the pension to yourself does that mean transfer the parents pension to your own personal SIPP? Rather than transferring the parent pension to a current account then into your own personal SIPP? I assume it would lose its pension status if transferring to a current account so it must be held inside a pension wrapper at all times. Please explain
When you mentioned transfer the pension to yourself does that mean transfer the parents pension to your own personal SIPP? Rather than transferring the parent pension to a current account then into your own personal SIPP? I assume it would lose its pension status if transferring to a current account so it must be held inside a pension wrapper at all times. Please explain
If you inherit a pension you can keep it as a pension in your name. It will be known as a beneficiary drawdown pension but must be kept ringfenced in its own account and can’t be combined with your own SIPP. It’s still yours though and you have full access.
How can I locate private pension pots after death? My mother, now passed, infomed me whist she was live that she nominated me to receive her private pensions, but I've no idea where those pensions are held. The executor, her sister, has not, to date, provided me with any information. Can you assist?
Hi, if any of them were workplace pensions and you know the names of the companies you can search the company name using the government’s pension tracing service. If they were set up by your mother not through an employment then I’m afraid it’s a case of trying to find any paperwork you can that identifies pension providers. Sorry this is not more helpful.
Holy crap!!! I needed this video!! I’m in the waiting phase for the next steps after submitting the will and DC! With minimal information of what’s going on. Thank you for this.
Hope it helps.
@@carlrobertsonmoneyindeed, it did !
When you mentioned transfer the pension to yourself does that mean transfer the parents pension to your own personal SIPP? Rather than transferring the parent pension to a current account then into your own personal SIPP? I assume it would lose its pension status if transferring to a current account so it must be held inside a pension wrapper at all times. Please explain
When you mentioned transfer the pension to yourself does that mean transfer the parents pension to your own personal SIPP? Rather than transferring the parent pension to a current account then into your own personal SIPP? I assume it would lose its pension status if transferring to a current account so it must be held inside a pension wrapper at all times. Please explain
If you inherit a pension you can keep it as a pension in your name. It will be known as a beneficiary drawdown pension but must be kept ringfenced in its own account and can’t be combined with your own SIPP. It’s still yours though and you have full access.
How can I locate private pension pots after death? My mother, now passed, infomed me whist she was live that she nominated me to receive her private pensions, but I've no idea where those pensions are held. The executor, her sister, has not, to date, provided me with any information. Can you assist?
Hi, if any of them were workplace pensions and you know the names of the companies you can search the company name using the government’s pension tracing service. If they were set up by your mother not through an employment then I’m afraid it’s a case of trying to find any paperwork you can that identifies pension providers. Sorry this is not more helpful.
What other benefits a widow recceived from her husband