Flexi-access drawdown

By-pass trust

Tax on death benefits

Death under age 75:

No tax.

No tax.

Death aged 75 or over:

Taxed on beneficiary when income drawn.

Lump sum paid from pension plan to by-pass trust taxed at 45%. (1), (2)

Control over who benefits in the future

Member names nominee. If flexi-access drawdown (FAD) designated to that nominee he/she can draw whole fund. Similar position on the naming of a successor by nominee.

Trustees of by-pass trust decide who benefits, how much they benefit from and when they benefit – frequently guided by expression of wish from member.

Controlling payments to specific beneficiaries

Need help? Get subscribed!

To subscribe to this content, simply call 0800 231 5199

We can create a package that’s catered to your individual needs.

Or book a demo to see this product in action.