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Drawdown pension inheritance

Pippa12345 · 2022-02-25 05:22:04

If a parent with a drawdown pension dies, do the adult children have to pay tax on their share of this pension pot inheritance? It's nowhere near probate amounts. Thanks.

Comments

Keep_pedalling Posts: 22,636 Forumite

27 February 2022 at 12:43PM

It won’t cause any harm having a statement about how you want your pensions distributed, but your executors should understand that like funeral arrangements that are often included in wills, these are wishes, they are not enforceable and executors are not bound by them.

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