What happens to my investments if I pass away?

If you have invested with Scottish Friendly and unfortunately pass away, there are different scenarios that may occur with your investments. If you have a Stocks and Shares ISA, your investments can be transferred to your spouse or civil partner as an additional ISA allowance. Alternatively, the investments can be sold and the proceeds added to your estate. Please ensure you take advice from a professional to understand any potential tax implications. For other investments, such as personal pension plans, proceeds from these can be paid to your nominated beneficiaries, and they may receive either a lump sum or regular income payments depending on the circumstances. It is advisable to speak with Scottish Friendly or consult with a financial advisor for more personalized guidance on your specific investment arrangements.