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FAQ 22 – What happens on death to a QROPS?

If a death benefit payment is made during the 5 year reporting period then the QROPS will report the payment to HMRC in respect of the deceased member. Any tax liability will depend on whether benefits have been taken in the form of cash and or income.

The Finance Act 2004 details the pension death benefit/lump sum death benefit rules.

Post five years non UK residency 100% of remaining funds should be paid to your beneficiaries.

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