In the event of your death, benefits may be payable from the Plan to your loved ones. The actual benefits payable will vary dependent upon whether you are still employed by the Company, you have left the Company and have become a deferred member or you are already receiving a pension from the Plan.

Please note Where a cash sum is payable following your death, the payment is made at the discretion of the Trustee who will take into account any nominations you have made on your Expression of Wish form but they are not bound by any such nomination in the exercise of their discretion. This normally means the payment will not form part of your estate and therefore will not be liable for Inheritance Tax.

It is therefore important that you keep your expression of wish form up to date. You can download an Expression of Wish form from the Document library section of this website.