What happens if I die?

If you die after you have started taking your benefits from the Scheme the following may be paid to your dependants:

  • A spouse’s pension of roughly 50% of your pension at the time of your death (40% if you joined after 1st April 2018)
  • A child’s pension payable to children up to the age 17, or up to age 23 if they are in full-time education
  • A lump sum, equivalent to the balance of 5 times your initial pension, less pension payments and lump sums you have already received.

Any lump sum payments are payable at the discretion of the Trustee, which means it is ultimately their decision as to who receives them. You can help the Trustees’ make their decision by completing an Expression of Wish form and making sure it is kept up to date, especially if your marital status changes or you have children.