Can I pass my pension pot down free of tax?
- On December 16, 2021
- By GrowthInvest Marketing
I am 63 years old and I have a couple of defined-benefit pensions and a defined-contribution one. My question is that if I start drawing pension from my defined-benefit pension schemes and leave my defined-contribution pension intact; could the defined-contribution pot be passed on to my nominees free of any tax and will it be outside the scope of inheritance tax (IHT) if I die before the age of 75 years under current legislation?
Could I take the tax-free amount from my defined-contribution scheme and then leave it intact; can the pension pot still be passed on to my nominees free of any tax and outside the scope of IHT if I die before the age of 75? KT
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