Serious ill health lump sums

Serious ill health lump sums

You may be able to take all of your benefits in the Plan, as a single lump sum, if you are suffering from serious ill-health.

This is known as a ‘serious ill-health lump sum’ (“SIHLS”) and may be available if a registered medical practitioner has confirmed that you are expected to live for less than one year. Please note that the SIHLS uses all of your benefits in the Plan.

If you think you may be eligible to receive a SIHLS, please contact the Plan’s administrator, Trafalgar House to ask for a serious ill-health lump sum form. Both you and a registered medical practitioner will need to fill the form in before sending it back to Trafalgar House as soon as you are able.

The Trustee will review your case and decide whether a SIHLS is payable in your circumstances. If the Trustee requires further information from you to reach a decision, someone will be in touch with you as soon as possible.

If the Trustee agrees to pay a SIHLS, the value of the lump sum will then be calculated by Aon, the Plan’s Actuary.

Although the SIHLS will extinguish your right to any further benefits from the Plan, a pension will still be payable to your spouse or dependant as defined in the rules of the Plan.