Recent changes in pension legislation have allowed greater flexibility with regards to how your pension pot can be distributed once you die.
One such benefit is that individuals will be able to pass down their pension pot to someone other than their spouse/partner with greater tax efficiency than before.
Many people are taking advantage of these changes, however, for those with older pension schemes it is important to:
- Check that your pension plan facilitates these new flexible death benefits.
- Check that your pension pot is being left to the correct people in line with these changes.
Our advisers are knowledgeable in all things pensions, so give them a call today on 01228 711881 and check that your pension scheme is still suitable for your needs.
Posted: October 16th, 2015