Lump sum

A lump sum is paid if you die within the first five years of your first pension payment.

It will be the amount you would have been paid as a pension over the remaining years up to that five-year mark.

The process

  1. 1.

    If you die within five years of retirement, we’ll send your next of kin/personal representative a Trustee questionnaire.

  2. 2.

    Once they send it back, we share it with the Trustee.

  3. 3.

    The Trustee decides where the tax-free death lump sum should be paid.

  4. 4.

    Your beneficiaries are notified, and the amount is confirmed to the personal representative (if applicable).

Reporting a death

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