One of the biggest changes introduced with pension freedoms in 2015 was the change to the taxation of defined contribution pension death benefits.

In this video I will explain the difference in how pension death benefits are taxed if you die before, or after age 75, and what this means for your lifetime allowance.

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How much do I need for a comfortable retirement? : The Pensions Playlist:

Thanks for checking out my You Tube channel – I’m Justin King and my aim is to help people to live successful lives. That often involves understanding your money.

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If you’re planning your retirement and want to make the best use of your wealth to provide for your family throughout retirement and beyond, or work out how best to pay for a loved one’s care, I may be able to help you.

As a Chartered Financial Planner at boutique retirement planning practice, MFP Wealth Management, I help successful people retire with complete confidence. www.mfpwealthmanagement.co.uk

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This video is for information and entertainment only. Nothing on this channel constitutes financial advice. Please do not make any decisions based on the contents of my videos; seek professional independent financial advice first!…(read more)

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