What happens to my SIPP if I die?
If you die, your SIPP can be passed onto your beneficiaries. You can tell us who you would like to inherit your SIPP by logging in to the website and completing the 'SIPP beneficiaries' page in the 'Update my details' area of the website. You can nominate a number of different people, trusts and/or charities, choosing the percentage they’ll each receive.
As the scheme administrator of your SIPP, AJ Bell has discretion over how your pension is passed on. However, it's rare that nominations aren't followed. Usually, this only happens if there's been a change of circumstances (for instance, a divorce), and your wishes haven't been updated.
Payments to your beneficiaries will either be as a lump sum or an ongoing pension. How these payments to your beneficiaries are taxed will depend on your circumstances. Find out more about SIPPs and death.