Tax Implications for Pensions upon Death

Major changes to tax charges that apply to benefits paid on the death of someone who was a pension scheme member took effect in April 2015.

It is now extremely important that those who are members of pension schemes have a nomination form or letter of wishes in place to nominate someone to receive their pension on their death. Those who are 75 and over also need to ensure that they have chosen the most tax efficient beneficiary or successor.

If you feel you would benefit from guidance on the tax implications of defined contribution schemes, personal pensions and company pensions, please contact the Private Client department at Stone Rowe Brewer LLP on 0208 891 6141 or by email at