Posted on 19/10/2020 by Stephen McPhillips
Q. If the Member’s pension fund on death before age 75 is over the lifetime allowance but is not paid out within two years of the member’s death, there is no lifetime allowance charge on the excess?
Q. What about tax-fee cash in a SIPP or SSAS and what are the rules post age 75?
Q. I have a client where the member died aged under 75 and the widow is withdrawing the fund by monthly instalments. Will these be taxable?