Death-In-Service Payment

You may be a member of a pension scheme that will pay out a lump sum amount should you die whilst in service with your employer.  While such a sum should be payable currently free of inheritance tax to the recipient, if that person is your spouse or civil partner, it is good practice to consider whether or not this sum can be removed from the estate of your spouse or civil partner so that it is not part of his or her own estate, exacerbating the future inheritance tax position of your surviving spouse or civil partner, but retained in a separate fund for the benefit of your spouse or civil partner, and children.

We can assist you to create a trust to receive the death-in-service payment on your death benefiting your spouse or civil partner and children.

Email us and we will call you.