Neil MacGillivray: A pension death benefit claim quandary

Thinking it through

clock • 4 min read

Neil MacGillivray shares his insight on a pension death benefit claim quandary...

I was recently faced with the following conundrum, and what follows is just a ‘brain dump' of me trying to think through how such a situation might play out. The situation was that an adviser's client had died and through their expression of wish had nominated three beneficiaries of their self-invested personal pension (SIPP). Two of the beneficiaries had intimated that they'd like to take the lump sum death benefit (LSDB) option, whereas the third beneficiary was refusing to engage with anyone, to the extent that the adviser felt they may never do so. For simplicity, I'll call them A...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Tax planning

Webinar: IHT on pensions – Advisers' questions answered

Webinar: IHT on pensions – Advisers' questions answered

Join us on 10 March 2026

Professional Adviser
clock 06 March 2026 • 1 min read
BPR changes versus commercial reality: Minority shareholders in focus

BPR changes versus commercial reality: Minority shareholders in focus

'Someone is sitting in the shade today because someone planted a tree a long time ago'

James Woods-Davison
clock 05 March 2026 • 4 min read
Business asset disposal relief, CGT and the importance of planning for owner-managers

Business asset disposal relief, CGT and the importance of planning for owner-managers

‘For advisers, this reinforces the value of integrated advice’

Adam Brighouse
clock 04 March 2026 • 4 min read