When you die, your SIPP benefits will be paid to your beneficiaries. This can be as a lump sum or as an ongoing pension. You need to complete a nomination form to say who you wish payments to go to, and they are paid at the discretion of AJ Bell Management Limited, which is the Scheme Administrator of your SIPP.
SIPP death benefits are usually paid without any inheritance tax being due, although this cannot be guaranteed. If you die before age 75, there will generally be no income tax paid by your beneficiaries. If you die after age 75, any benefits paid will usually be subject to tax at the recipient's marginal rate. Please visit our SIPP death benefits page for more information.