RPSM10200050 - Member Pages: Death benefits: Overview: Lump sum benefits after age 75

What lump sum benefits can be paid if the member dies after reaching age 75?

Once the member has reached age 75 any death benefit provision must normally be in the form of a secured pension.

The only circumstances where a lump sum may be paid if the member dies after reaching age 75 are the following. Where:

• a pension scheme is being wound up and the dependant’s pension entitlement is deemed to be of a trivial amount see RPSM10105510.
• before 6 April 2006 a pension was in payment and the scheme allowed the member’s pension benefits to be guaranteed for 5 years and if the member died during this period, it may allow the residual amount of pension payments due under the guarantee period to be commuted and paid as a lump sum.
• any alternatively secured pension fund remains on the member’s death and there are no dependants in which case it may be paid as either a charity lump sum death benefit or where a member dies before 6 April 2007 a transfer lump sum death benefit.
• a life cover lump sum is provided by the scheme (see RPSM10105440 for further details).