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Pension Death Benefit Dilemma

Many British expats have pensions in the UK. Either an old company pension or a “paid up”(no longer taking contributions) personal pension.

Do the companies and trustees of these schemes know where the expat currently resides?

In the unfortunate event that the expat dies before drawing benefits to whom do the pension trustees pay the death benefits? A expat may have come over here, married, divorced, remarried and have a number of children.

To assist the trustees ( at the insurance company or at the previous employer’s pension scheme), pension holders should complete an ” Expression of Wish ” form.

The purpose of this form is to enable people to express their wishes with regard to the payment of any lump sum death benefits from the pension fund. Whilst the trustees have discretion under the fund’s discretionary trusts, in determining who is to receive the lump sum, the expression of wish form gives them guidance from the pension holder who is no longer here.

This straightforward form can make a huge difference to families at a difficult time.


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