What Happens To My Pension When I Die?

If you’re part of a workplace pension scheme or have set up your own pension, such as a SIPP (which is a Self Invested Personal Pension) or a self employed pension, you’ll have what’s known as a private pension.

There are two main types, defined contribution pensions and defined benefit pensions. The type you have will determine how much of your pension your beneficiaries can claim when you die.

In this video I discuss the rules around defined contribution pensions and the impact of being under or over age 75.

Other videos you might like:

The pension lifetime allowance and lifetime allowance charge explained:    • The pension lifetime allowance and li...  

Check out other videos in my pensions playlist:    • Pensions  

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This video is for information and entertainment only. Nothing on this channel constitutes financial advice. Please do not make any decisions based on the contents of my videos; seek professional independent financial advice first!