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Nomination Personal Form

Nomination Personal Form

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Instructions and help about renunciation personal agreement

at beckworth we wish to ensure that all of our clients personal pension plans are written under a trust most modern pensions are but we double check to make sure that you have named the correct beneficiaries with the new pension legislation which was introduced in april 2015 if a plan holder dies before age 75 then the full value of the pension fund will be paid out free of tax to the nominated beneficiaries if the plan is written under a trust then it should be a simple job for the trustees to merely pay the money to whoever has been named on an expression wish form this is why it's important for beckwith to check this for you we will double check exactly who's been named and then we will make sure that this is exactly who you intended this is very important when for example you want children or grandchildren to become beneficiaries my understanding is that if a beneficiary is not named under a trust deed then with some pension providers it is virtually impossible for

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