Age 74 or younger:
Generally, your pension fund, as at the date of your death, will pass tax free to your nominated beneficiaries if you die before 75. Regardless of whether you have taken pension benefits already, you can usually receive this as a lump sum or in installments.
Age 75 or older:
After you turn 75, your remaining pension fund will usually pass to your nominated beneficiaries, who will be taxed at their marginal rate.
To qualify for this tax treatment, you must distribute funds from your pension fund within two years after your death.