As we are often told, it is sensible to review Wills and estate planning on a regular basis. What can sometimes be overlooked in this regard is pension funds.
This is particularly relevant today as the Taxation of Pensions Act 2014 introduced some subtle, but significant, changes to pension death benefits (effective from 6 April 2015 and unchanged in the Emergency Budget of 8 July 2015).
This note sets out the rules that now apply and the options available. Having considered these it may be appropriate to review nominations you have in place or make one, if you have not already.
