Whether your beneficiaries take the benefits as a lump sum or designate them to provide an income, they will be taxed as income.
Payments to a charity on death over 75 will not be taxed provided you have nominated the charity and you have no surviving dependents.
2020 Financial is an Independent Financial Adviser in Southampton offering financial advice, wealth management and retirement planning services. We are happy to offer home appointments covering Hedge End, Warsash, Locks Heath, Sarisbury Green, Titchfield, Botley, Burridge, Curdridge, Bishops Waltham, Wickham, Swanmore, Chilworth, Marchwood, Romsey, Winchester, Waterlooville, Clanfield and more, please contact us for details.
Our office address is International House, Southampton International Business Park, George Curl Way, Southampton, SO18 2RZ
Arrange a free, no-obligation 1-to-1 consultation with a Financial Adviser today and see how we can help you.
HELP ME WITH A PENSION TRANSFER
Our friendly and knowledgeable team can help you get your financial planning on track. Whether it’s saving for a happy retirement or investing a lump sum investment, we can get you on the right path.
We’re here to help, that’s why we offer a free initial call to our customers to see how we can help you. There’s no obligation. We’ll put you in touch with one of our Pension Specialist IFA’s to have a quick chat and if we can help, we’ll arrange a free initial meeting. There are no hidden charges, so get in touch today and let’s get your plans on track.
