What happens to a private pension fund once you're dead?

That dont mean much to me - but i do know that it's almost immaterial whilst ever the government can raise the retirement age by 10 years (effectively costing the individual extra 20 years savings) by an unchallenged sweep of the pen

Does make you wonder what it would take to challenge this - raise retirement age to 1000 and just keep all investments to date - that's assuming you'd think pension scheme is still not a good idea :o)

Hi Jethro

If it is a UK personal pension scheme with an insurance company it is not lost at death. You indicate your choice of beneficiary when you open it. The trustees will pay out the fund to that person on your demise. Pensions are a good investment because you do not pay tax on the contributions.

Unfortunately, the UK doesn't have a written constitution to protect people from the excesses of government, so they can do just about anything they want if they can get the legislation through Parliament.

Chris

Not if your employer makes a signification contribution IMHO.

Only if the pension 'pot' has not yet been converted to an annuity surely. After that there is no fund to be passed on.

Robert

In message , RobertL writes

The question was "What happens to a private pension fund once you're dead?" After you have bought your annuity, you no longer have a pension fund (or pot), so this question is no longer relevant.

Returning to what happens if you DO still have a pension fund, only a year ago, I was immersed in making important decisions about taking my own pension. Unfortunately, I have now forgotten some of the details. However, isn't there the option of beneficiary receiving the fund IN CASH, minus tax at 35%? Or did I imagine this?

ultimately it's dependant upon the final outcome

double nothing is still nothing