Help & FAQs

What happens to my SIPP Dealing Account if I die?

Any remaining value within a SIPP will be passed to the beneficiaries of the estate. They are usually paid without incurring inheritance tax and if the account holder passes before the age of 75, benefits could be free from income tax. If the account holder passes away from age 75, benefits will be taxed at the beneficiaries' income tax rate. For further information, we recommend you speak to your SIPP Administrator/Trustee.

Submitted on 18th Feb 2019

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Risk Warning

The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Selftrade does not provide investment advice. If you are in any doubt as to the risk or suitability of an investment or product you should seek advice from an independent financial adviser.

The extent and value of any ISA tax advantages or benefits will vary according to the individual's circumstances. The levels and bases of taxation may also change.

The extent and value of any SIPP tax advantages or benefits will vary according to the individual's circumstances. The levels and bases of taxation may also change. If your options change regarding an employer's pension scheme you may wish to review your financial situation. Once in a pension your money is only accessible, in general, from age 55.

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