State pension: what happens to your state pension on your death? | Personal Finances | Finance

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There are certain types of pensions that you can leave to someone after your death.

The payments your beneficiary receives depend on several factors, including their age and health.

Joint annuities, for example, will continue to your beneficiary after your death.

But when they die, they will not be able to leave these payments to anyone else.

Payments from a guaranteed period annuity will continue even if you die before the end of this period.

The guaranteed period begins when you withdraw the money from your pot.

A “protected value” annuity, but a capital protected annuity, is when your beneficiary inherits a lump sum.

Payment is your pot, minus any annuity payments you took before you died.

You can choose who you want to receive money from in your pot after you die.

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