Death Benefits

Death after taking benefits before age 75

If you die after you have started to take benefits from the Plan the options are as follows:

  • The whole value of your fund can be paid less 35% tax to the nominated beneficiaries.
  • The whole fund can be used to pay dependants' pensions, which will be either:
    • a dependant's unsecured pension if the dependant is under age 75
    • a dependant's alternatively secured pension if the dependant is over 75
    • a dependant's annuity