Will beneficiary FAD be taxed as income or not?
At the end of this Techzone article:
The draft legislation issued just covers the new rules for lump sums. However, the accompanying policy paper highlights a significant change to the taxation of pension income. From 2024/25, pension income will always be taxable. Consequently, inherited drawdown and annuities purchased from uncrystallised funds where the member died pre-75 will become taxable.
Simple question - where does it say what Techzone says it says? I feel like I'm going mad here 😂