What happens to my pension benefits when I die after taking my benefits? (DC Schemes)


  • Members
  • Payments

Defined Contribution schemes

Any payments your nominees may receive after you have taken benefits depends on the choices you made when you retired. For example, if you bought an annuity with another company, any death benefits would be payable by this company and would be determined by the contract you have with them.

If you opted to take all your benefits in cash, nothing further will be payable on your death.

If you opted to take part of your benefits, a residual element may be pain to your beneficiaries at the discretion of the Trustee.