Written question asked by Keith Mans (Conservative), in the House of Commons. It was due for an answer on Thursday, 20 March 1997. It was answered by Oliver Heald (Conservative) on Thursday, 20 March 1997 on behalf of the Department of Social Security.

Dept of Social Security

Question: If an individual's pension fund under the Basic Pension Plus proposals goes to his estate on his death.

Answer: Mr. Mans: To ask the Secretary of State for Social Security if an individual's pension fund under the basic pension plus proposals goes to his estate on his death. [21519] Mr. Heald: Yes. If an individual dies before drawing any benefits from his fund and there is no surviving spouse, then the funds built up under the proposals would form part of the estate. Similarly, if the individual dies while withdrawing an income from his fund, but before annuity purchase, then the residual fund would form part of the estate.

Secondary information

Type: Written question
Reference: 21519; 292 c908W
Session: 1996-97
Subjects: Death Administration of estates Pensions Personal pensions Pension funds State retirement pensions Succession