What Happens To My Pension When I Die?

If you’re part of a workplace pension scheme or have set up your own pension, such as a SIPP (which is a Self Invested Personal Pension) or a self employed pension, you’ll have what’s known as a private pension.
There are two main types, defined contribution pensions and defined benefit pensions. The type you have will determine how much of your pension your beneficiaries can claim when you die.
In this video I discuss the rules around defined contribution pensions and the impact of being under or over age 75.
Other videos you might like:
The pension lifetime allowance and lifetime allowance charge explained: • The pension lifetime a...
Check out other videos in my pensions playlist: • Pensions
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[@TheRetirementCafe]

Do you know what will happen to your pension when you die?

[@willlsmith8063]

brilliant stuff .thank you

[@MPD90]

Great video. Just to check my understanding, if you had say £100k in a pension pot untouched and died under 75, your child can theoretically end up with that full £100k as cash-in-the-bank (to buy a house for example) with no tax to pay? Or would they still pay their own income tax on drawing down that pot? Thanks!

[@barbaraholmes7436]

What if you was tricked to sign a waiver not to collect a spousal pension. Do I need to get a lawyer to collect the funds.