pension drawdown after death

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When you pass away, any money left in your pension drawdown doesn't just vanish. Your beneficiaries can usually take it as a lump sum or carry on drawing an income, depending on your plan and their age. If you're under 75, it's often tax-free, but over that, income tax kicks in. It's worth naming who you want to inherit it, so they don't face delays or unexpected tax bills. Sorting this out early can make a tough time easier for the people you leave behind.