08: Death benefits before retirement

The maximum lump sum death benefit under the 2006 pension rules is the lifetime allowance, ie £1.80 million from 2010/11 to 2015/16 – normally free of all tax.Last Updated

The FSA does not regulate tax advice. Tax rules are subject to change.

Contents
The current pensions tax regime

01: The current rules
02: Basic features
03: Annual allowance for contributions
04: Special annual allowance
05: Lifetime allowance
06: Tax-free lump sum
07: When you can retire
08: Death benefits before retirement
09: Income in retirement
10: Investment rules
11: Penalties for exceeding limits
12: Action checklist

Essential Guides

Choosing pensions for directors (243 kB)

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