Return to What is paid on my death? I have a Personal Pension Plan
Do you have additional life cover under your policy?
 
Yes No
If you were to die before you take your savings, we will pay:
  • the full fund value as at the date of death
  • Plus the additional lump sum from your life cover benefit
The death benefits are paid at Equitable's discretion. We will take into account any people you have nominated. The payment will fall outside of your estate for inheritance tax purposes.
If you were to die before you take your savings, we will pay out the full fund value as at the date of death. The death benefits are paid at Equitable's discretion. We will take into account any people you have nominated. The payment will fall outside of your estate for inheritance tax purposes.
 
If your policy continues beyond your 75th birthday, any death benefits become subject to income tax at the beneficiary's marginal rate

Click here to download a form if you would like make/change a nominated beneficiary