Expression of wish for lump sum death benefits
Please complete the form below fully and accurately. This ensures that we can accept this as a valid expression of wish.
Under the rules of the Local Government Pension Scheme (LGPS), we have the discretion to decide to whom any lump sum death benefit will be paid. This is necessary to prevent inheritance tax liability on such payments. The benefits will normally be paid to the person(s) nominated. Unless we consider that there are special reasons for selecting other beneficiaries.
No conditions can be imposed on the expression of wish form about the use of the benefit once paid. This is irrespective of what may be stated in your Will.
You may nominate anyone, whether they are dependent on you or not. This may also include a body such as an institution or club, whether charitable or not. If you nominate more than one person and one of your nominees dies, the benefit payable to that nominee potentially will be divided equally between the remaining nominees.
The nominees on this form will not affect any pension benefits payable to:
- your adult dependant or
- children after your death, if applicable
If you nominate children who are under age 18 we can decide to award the death benefits to them under Trust. We will not be responsible for the legal costs associated with setting up the Trust.
This expression of wish form is used by the Fund to exercise its discretion in paying any lump sum death benefits due. The information will be kept for as long as you are entitled to benefits from the Fund. Or any beneficiary who receives benefits after your death).
To protect personal information held about you, Cornwall Pension Fund is registered under the Data Protection Act 2018. The Fund may, if it chooses, pass certain details on to a third party, if the third party is carrying out an administrative function of the Fund.
The Fund is under a duty to protect the public funds it administers. It may use information for the prevention and detection of fraud. It may also share this information with other bodies administering public funds solely for those purposes.