Death Benefits

Death after taking benefits before age 75

Where a member has started to take benefits from the fund the options are as follows:

  • The whole value of the member’s 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
    • a dependant's scheme pension.