Help with inheritance investment strategy please

Albermarle

 But I thought the SIPP either had to be drawn down, or taken as a lump sum; that pensions cannot technically be inherited? 

This type of pension can . You can withdraw it all as a lump sum , draw it down, or just leave it where it is.

justme111

Albermarle said:

 But I thought the SIPP either had to be drawn down, or taken as a lump sum; that pensions cannot technically be inherited? 

This type of pension can . You can withdraw it all as a lump sum , draw it down, or just leave it where it is.

Taken from the platform holding my mother's SIPP: "If you die before the age of 75, and the funds are designated within two years of your death, the inheritance will be tax-free if taken as a regular income and any lump sums will be tax-free if they are within your remaining Lump Sum and Death Benefit Allowance (LSDBA)."

So it doesn't seem I can just leave it where it is.

justme111

MX5huggy said:

Lots of funds just have an Accumulation version and an income version here is Vanguard’s S&P 500 fund (ETF) the Accumulation version has the code VUAG, income VUSA.
Personally I would scrap all this complexity and just get a global tracker. When you look at the FTSE 100 25% is just 4 companies. 

Yes I think I will do, thank you. Looking at HSBC FTSE All World Index Acc to replace to core aspects of my portfolio. Still want to keep some active funds I think.

coyrls

justme111 said:

Albermarle said:

 But I thought the SIPP either had to be drawn down, or taken as a lump sum; that pensions cannot technically be inherited? 

This type of pension can . You can withdraw it all as a lump sum , draw it down, or just leave it where it is.

Taken from the platform holding my mother's SIPP: "If you die before the age of 75, and the funds are designated within two years of your death, the inheritance will be tax-free if taken as a regular income and any lump sums will be tax-free if they are within your remaining Lump Sum and Death Benefit Allowance (LSDBA)."

So it doesn't seem I can just leave it where it is.

You can.  "Designated" means assigned to you, so the funds have been designated within two years of your mother's death.

justme111

coyrls said:

justme111 said:

Albermarle said:

 But I thought the SIPP either had to be drawn down, or taken as a lump sum; that pensions cannot technically be inherited? 

This type of pension can . You can withdraw it all as a lump sum , draw it down, or just leave it where it is.

Taken from the platform holding my mother's SIPP: "If you die before the age of 75, and the funds are designated within two years of your death, the inheritance will be tax-free if taken as a regular income and any lump sums will be tax-free if they are within your remaining Lump Sum and Death Benefit Allowance (LSDBA)."

So it doesn't seem I can just leave it where it is.

You can.  "Designated" means assigned to you, so the funds have been designated within two years of your mother's death.

Ohhh. Thank you !

Albermarle

justme111 said:

Albermarle said:

 But I thought the SIPP either had to be drawn down, or taken as a lump sum; that pensions cannot technically be inherited? 

This type of pension can . You can withdraw it all as a lump sum , draw it down, or just leave it where it is.

Taken from the platform holding my mother's SIPP: "If you die before the age of 75, and the funds are designated within two years of your death, the inheritance will be tax-free if taken as a regular income and any lump sums will be tax-free if they are within your remaining Lump Sum and Death Benefit Allowance (LSDBA)."

So it doesn't seem I can just leave it where it is.

Although the info provided does not explicitly say that, but you can.