If you die within five years of retiring, your dependants or the person previously chosen by you (see below) will get a lump sum, known as a death grant, equal to five years' pension less any pension you have already received.

Choosing who receives the death grant

You can choose who should receive any death grant by filling in a death grant nomination form. If you have not filled in a death grant nomination form and would like to do so, please contact us. If you do this, we can pay any money due quickly, and inheritance tax will not be taken from the death grant.