Bethany Joslyn: Keeping it in the family

Death benefits from DC pensions

clock • 4 min read

Bethany Joslyn explores the intricacies of post-pension freedom DC death benefits and the intergenerational planning opportunities therein...

Pension freedoms brought major changes to the options available for paying pension death benefits from defined contribution (DC) schemes. These changes introduced a great deal of flexibility and opened up new avenues for intergenerational planning, but they do add further choices at a time where clients are often most vulnerable. This article outlines how a pension can be passed down through generations and some of the key planning points to keep in mind. How it works Thanks to changes introduced from 6 April 2015, more people than ever can now choose to receive death benefits i...

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