![]() ![]() ![]() To retain a degree of control it's still possible to nominate for the death benefits to be paid to a trust. The exception to this is where the original member nominated a charity which is explained later when we discuss charity lump sum death benefits.Īs such, if the funds initially pass to say a spouse, the spouse can subsequently leave the money to say, the children of a later relationship (rather than the children of the pension holder). So the original member has no control over the remaining funds and the choice for later payments after their subsequent death. It's important to note that when the funds pass to a beneficiary, following the death of a pension holder, the funds will follow the beneficiary’s choice of subsequent successor. However, a member / pension holder can nominate whom they wish to receive the benefits, by completing a nomination of beneficiaries form (sometimes called an "expression of wish") and the trustees will usually take this into account. The recipient(s) of death benefits are usually chosen at the discretion of the pension scheme trustees or administrator. ![]()
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