Stand-out Q – widower with dependant’s drawdown…
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A widower has a dependant’s drawdown and they remarry. Can the new wife receive a flexi-access drawdown on his death?
Prior to 6 April 2015, the second surviving spouse would have been unable to receive a drawdown pension, as they were not a dependant of the original member. Under the legislation that came into force on 6 April 2015, the surviving spouse from the first marriage can nominate their new spouse to receive the death benefits. The new beneficiary, as a successor, could designate the fund for flexi-access drawdown. Be aware scheme rules may dictate whether some of these choices are available.
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