Stand-out Q – widower with dependant’s drawdown…

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FRI, 07 APR 2017

Our Technical Hub provides access to a wide range of pension tax and trust technical resources. Every now and then we post tweets covering stand out questions from our technical content and our answers in case others might also find them helpful. As Twitter’s character restrictions only allow for the bare bones of the Q&A we link to the details here, too.

Question:

A widower has a dependant’s drawdown and they remarry. Can the new wife receive a flexi-access drawdown on his death?

Answer:

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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