Answered by Neil Adams
Following the 2015 Budget announcement, assuming you die before age 75, pension income paid to your spouse or partner via a lifetime annuity with joint-life, value protection or a guaranteed period is now free of income tax.
Note: Death benefits paid from a scheme pension as value protection, a joint-life annuity or as a continuing guarantee period are not tax free. Be sure to check with your scheme provider to find out how this might apply to your annuity benefits.
Frequently Asked Pensions Advice Questions
Ciaran was Brilliant and provided a thorough service that delivered exactly what I was looking for. Very paitent and made even the most complex terminology sound simple.
Very professional service. I was overwhelmed by the amount of different policies which came up from my online search but Victoria from Drewberry helped me find the most relevant ones over the phone and answered any questions I had. I was really impressed by the standard of service Drewberry offered.
Jake Mills is the guy to go to. He listens to your needs and will stay in touch. He is a really good adviser and will find you the best policy for your needs. Always ask for Jake.