|Investment Options|| Open architecture|
|Benefit commencement||55 to 75 years of age|
|Maximum Lump Sum|| 30%|
|IOM tax rate applicable to pension*|| 20%|
|Death Benefits|| Lump sum or survivor’s pension|
If a member has commenced income drawdown prior to death, this will result in a 7.5% death tax charge being applied prior to any benefits being paid out to dependents.
* Isle of Man tax will not apply where the pension taxing rights are granted to the member’s country of residence under the terms of a double taxation agreement.