Will beneficiary FAD be taxed as income or not?

Hi,

At the end of this Techzone article:

https://techzone.abrdn.com/anon/public/pensions/life-after-lta?opendocument&utm_campaign=ADV-TEC-Eligible-03082023&utm_medium=email&utm_source=Eloqua&utm_content=CSLAR000000163808

It says:
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.

Here is the policy paper:
https://www.gov.uk/government/publications/abolishing-the-pensions-lifetime-allowance/abolition-of-the-lifetime-allowance

Simple question - where does it say what Techzone says it says? I feel like I'm going mad here 😂

Benjamin Fabi 

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