Dentons self invested pension plans aren't just there to help clients plan for their future. They are also designed to provide support for their families even after a scheme member has passed away.

Payments of benefits on a client's death at any age are usually free from inheritance tax as the Scheme Trustee has absolute discretion as to whom, in what form and in what proportions to pay benefits.

With effect from 6 April 2024, two new pension scheme benefit allowances apply which relate to lump sums (rather than pension income) taken from pension schemes.

Please refer to our guide on Pension scheme benefit allowances for more information.

 

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