What happens to my SIPP Dealing Account if I die?

Any remaining value within a SIPP will be passed to the beneficiaries of the estate. They are usually paid without incurring inheritance tax and if the account holder passes before the age of 75, benefits could be free from income tax. If the account holder passes away from age 75, benefits will be taxed at the beneficiaries' income tax rate. For further information, we recommend you speak to your SIPP Administrator/Trustee.

- Submitted on 29th Feb 2020

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