Scheme benefits - Death benefits
Death benefits
If you need to tell us about a member’s death, visit the Report a death page. Once we are notified, we’ll start the process of paying any death benefits.
We’ve included the process below.
You can nominate who you wish to receive the tax-free lump sum death benefit by quickly and easily updating your nomination details online via My Online Services.
If you're not married, you can nominate someone who is financially dependent or interdependent on you to receive the dependant’s pension. This can be done quickly and easily online via My Online Services.
In both cases, this will update your records immediately. You can log in and review or change your nominations at any time. If you’re unable to use My Online Services, you can complete a paper form, which is available on the Documents page.
Any death benefits will be subject to the Lifetime Allowance.
Lump sum
If you die before you start receiving your deferred pension from the Scheme, the Trustee will pay a lump sum death benefit to your beneficiaries. The lump sum amount would be the greater of:
- five times your annual deferred pension; or
- a refund of your own contributions plus interest.
The process
- 1.
Your next of kin or personal representative notifies us.
- 2.
We’ll send your next of kin a questionnaire asking for information about potential beneficiaries.
- 3.
Your next of kin sends back the relevant information.
- 4.
We share this with the Trustee.
- 5.
The Trustee decides who the tax-free death lump sum should be paid to.
- 6.
Your beneficiaries will be notified and the payment made.
