Dealing with pension pot on death

infoaccess

Individual dies aged 50 with a defined contributions pension pot of say £200,000.
Expression of wishes forms completed and submitted to pension provider.
Beneficiaries can convert to an annuity or withdraw all the monies?
May the beneficiary ask pension provider to convert pot value toa drawdown fund?
If a drawdown fund is created, can the beneficiary access that drawdown immediately if beneficiary is say age 30 (not yet at the 55/56 age).
Monies received by the beneficiary will be tax free as deceased under age 75.
If deceased were aged 76, the beneficiary pays income tax at marginal rate on monies received.
Again, the pension pot is untouched. Can the monies be placed in drawdown, even though the deceased never took ant tax free amount nor placed the funds in drawdown.

Marcon

infoaccess said:

Individual dies aged 50 with a defined contributions pension pot of say £200,000.
Expression of wishes forms completed and submitted to pension provider.
Beneficiaries can convert to an annuity or withdraw all the monies?
May the beneficiary ask pension provider to convert pot value toa drawdown fund?
If a drawdown fund is created, can the beneficiary access that drawdown immediately if beneficiary is say age 30 (not yet at the 55/56 age).
Monies received by the beneficiary will be tax free as deceased under age 75.
If deceased were aged 76, the beneficiary pays income tax at marginal rate on monies received.
Again, the pension pot is untouched. Can the monies be placed in drawdown, even though the deceased never took ant tax free amount nor placed the funds in drawdown.

Either see your own provider's website, or have a look at https://www.aviva.co.uk/retirement/pension-basics/what-happens-to-your-pension-when-you-die/ or https://www.moneyhelper.org.uk/en/family-and-care/death-and-bereavement/what-to-do-about-someones-pension-when-theyve-died