Benefit Rules
The pension benefits payable include a tax free cash sum from age 50/55; plus a pension income paid from the pension scheme. On death the benefits may be paid out to beneficiaries, special rules apply on death after age 75. There is no requirement to purchase an annuity. http://www.hmrc.gov.uk/manuals/rpsmmanual/rpsm09100300.htm
Read more about this topic: Small Self Administered Scheme
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