A guide to benefits
If you were to die in service the fund will pay a lump sum of four times your final average salary. If you work part-time hours the lump sum is based on your part-time salary. You can check how much it would be with the Customer Services Team, just call 0800 2 343434.
To avoid inheritance tax and delay in payment you can nominate to the Trustee to whom you would like the lump sum to be paid. You can nominate as many people as you like. Otherwise the lump sum will be added to your estate.
The Trustee does not have to follow your wishes but it will take them into account and will look at your personal circumstances at the time you died.
To make your nominations download a Nomination (PM6) form.