What happens to my pension when I die?
The provisions for what happens to your pension when you die are complex and vary depending on:
In most instances, your partner and / or dependants may be entitled to a lump sum payment and / or an income (i.e. a pension) from your pension fund.
Lump sum death benefits are usually tax-free, as they are likely to qualify for Inheritance Tax (IHT) relief.
Any income (i.e. pension) payments to a surviving partner or dependants are subject to Income Tax.
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