If you die before we pay your Annual Allowance charge, your election is cancelled.
We'll write to your estate to let them know they retain liability for your Annual Allowance charge.
If you die after we've paid your Annual Allowance charge to HMRC and before your retirement, we’ll write-off the total amount owing.
If you die after your retirement and your pension benefits have already been reduced, this will reduce the amount of the initial dependant's pension payable because this is calculated on your reduced pension in payment at the time of your death. A continuing dependant's pension will be calculated on your unreduced pension.
If you’re an NHS Money Purchase Additional Voluntary Contribution (MPAVC) Scheme member, dependant's benefits will be calculated from the value of your money purchase fund after the deduction for Scheme Pays.
You must make sure you understand the implications of making a Scheme Pays election on your future NHS benefits before completing the election notice.
Read the guidance and factsheets available about Scheme Pays on our website.