Commercial property in SIPP

[MGTS]

Quick question - if I have a property or other income producing assets in my SIPP and I start drawing down on my pension using just the income (rent) from the property and then I die, what happens to the commercial property.

Does it form part of my estate and can be passed on via my will?

What about if I had say £100k in my SIPP and I took out £25k cash and then drew down 5 years of £5k, and then died, who gets the remaining £50k?

Thanks

[PurpleMoonlight]

The assets in your SIPP do not form part of your estate.

Your SIPP provider should ask you to complete a beneficiary nomination to notify them who you would like to receive the funds in the SIPP on your death.

If you die before age 75 the funds will pass to your beneficiaries free of any tax. If you die after age 75 they will have to pay income tax on it as they receive it (deducted at source), but they do not have to take it all in one go so it is possible to manage the tax liability somewhat.

[MGTS]

Thanks v much that’s v helpful