Accessing your money
What happens to my pension pot if I die?
You can make sure your loved ones and/or a favourite charity receives your retirement savings if you die before you …
I’ve named a beneficiary but I’ve been told that my nomination isn’t legally binding on the Trustee. If the Trustee decides not to pay out my pot to my beneficiary, who else would they pay it out to?
The payment of a fund on death is at the absolute discretion of the Trustee. In the event of your …
What’s a small pot lump sum and how many of them can I take?
If you have £10,000 or less in your pension pot and you want to take it all in one go …
How do I take my pension savings as a small pot lump sum?
Don’t forget, hasty decisions about your pension savings could have an impact on your future. If you’re looking for advice, …
How will accessing my pension pot affect my means-tested benefits?
Withdrawals from your pot may have implications on your entitlement to means-tested benefits. There are rules around how your withdrawals …
How do I query the tax I’ve paid on my lump sum?
If you have any queries about the tax you’ve paid, or if you think you have paid too much tax, …
Is taking my whole pot as a lump sum right for me?
We can’t provide you with advice on this matter. Pension Wise can give you guidance on your options or you …
Can I nominate my partner/spouse to receive an income after I die?
No, we do not currently support continued income to beneficiaries. If you were to die before taking your benefits, the …
What happens if you can’t find my beneficiary in the event of my death?
People’s Partnership is a non-profit making organisation dedicated solely to the financial wellbeing of our members and their dependants. We’ll …
Why do some death benefits have to be paid in trust?
The most common scenario is where the deceased left children under the age of 18 and any death benefit payment …