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
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