From the very first day you join the pension scheme, a death grant lump sum of 3 times your annual payable pay if you die whilst in service, and under age 75.
Each member of the scheme should complete a death grant expression of wish form. This allows you to propose 1 or more individuals or institutions to receive the relevant death grant payment, which in some instances may possibly mean that inheritance tax payments could be avoided. You can download a death grant expression of wish form below or you can nominate using the Pension Online website.
We will have the final discretion as to whom the lump sum will be paid, but we will always take your wishes into consideration.
Each new form that we receive will take the place of the previous if you decide to change your beneficiary.
In the absence of an expression of wish form, the death grant lump sum will be paid to your estate or to a known spouse.
How to nominate?
In order to nominate individuals, or an institution, to receive the death grant payable in the event of your death, please log in to your Pension Online record or print off and complete the death grant expression of wish form in the attachments section below.
Attachments
Death Grant Form