Lifetime allowance dilemmas and pension death benefits
In this pension technical video, Lisa Webster, Senior Technical Consultant - AJ Bell, outlines the main points to address when clients with lifetime allowance issues are considering drawing income before age 75. Other topics of discussion include who can be a beneficiary of a pension fund and the importance of getting the nominations right. Lisa concludes the video by digging into benefit transfers on death and tells us why HMRC may charge IHT on pension transfers.
Lisa was a speaker at AJ Bell’s ‘On the Road’ tour – Retirement-focus seminar, held on 18 July 2019.
Tax treatment depends on your individual circumstances and rules may change.
For professional advisers’ use only.
Not to be used by retail clients.