From: "Robert" 
Newsgroups: uk.finance
Subject: SIPP: what happens if I die with no dependants?
Date: 4 Aug 2006 08:05:48 -0700
   posting-account=wea8Vg0AAACWFrs1xUCYLe2RbiaiU7wT


Please can someone advise me of a good place to read about what happens
to my SIPP  if I die with no dependants?   I expect my SIPP fund to be
large enough that income drawdown would be a suitable choice for me,
even beyond 75, sothere is likely to be a fund left when I die.

I believe that if I have dependants (a widow for example) then the
trustees would pay the fund to then (her) either in the form of an
annuity or, after taking 35% tax off, as a cash sum.

What I am more interested in is what happens if I  die with no
dependants.   As I read it, the fund cannot pass to my (non-dependent)
children or cousins but must be paid to charity or to other fund
members chosen by the trustees.  For me this would be a serious
drawback.

Are SIPPS treated differently from other pension funds in this respect?
 Perhaps the question does not arise becuase other pension funds are
either 'uncrytalised' or have been used to buy an annuity - there is
equavalent to the SIPP drawdown.
 

Thank you,

Robert