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Deceased husband's annuity

evergreen
evergreen Posts: 396 Forumite
Part of the Furniture 100 Posts Combo Breaker
in Pensions, annuities & retirement planning
My husband passed away 3 months ago and had an annuity. The company have told me because he was under 75, I do not have to pay tax on the annuity. He was only 63. Is this a recent tax change and is it correct?

Thanks

Comments

  • HappyHarry
    HappyHarry Posts: 1,780 Forumite
    Tenth Anniversary 1,000 Posts Name Dropper
    Yes that's correct. Rules changed in April 2015 at the same time as the pension reforms.
    I am an Independent Financial Adviser. Any comments I make here are intended for information / discussion only. Nothing I post here should be construed as advice. If you are looking for individual financial advice, please contact a local Independent Financial Adviser.
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