Will Not be Drawing Pension and Almost 75

Albermarle

andy6247 said:

zagfles said:

Also worth bearing in mind that if you die over 75 then beneficiaries drawdown is taxable, whereas if you take the PCLS (tax free 25% - although I'm not sure if it's different for enhanced protection) from the pension that would be tax free on you, you could then give it away and if you survive 7 years then it won't count for IHT. Or keep it if you have headroom in your estate within the IHT threshold.

If I were to take the tax free 25% does the remainder of the pot remain in place for beneficiaries to draw on after my death or does it die with me?

It remains in place for your named beneficiaries . The point being made is that if you are over 75 when you die , then the pension pot passed on will be taxable when withdrawn by your beneficiaries .