Get Expression Of Wish Form Template

If you do not complete an expression of wish, any death grant to which an entitlement may arise upon your death, will be paid to your personal representatives. This means that it could form part of your estate and be subject to inheritance tax if the value of your estate exceeds HM Revenue & Customs limits.

Your expression of wish is a statement that tells us who you'd choose to receive your pension savings if you die before you retire. We refer to those people as beneficiaries. What you write on the form is a key influence for our trustees as they make a decision about releasing your savings.

What is an Expression of Wish form? If a client passes away with money in a pension, the administrators will need to decide who benefits from those funds. An Expression of Wish form lets the client choose who they would prefer the money to go to and in what proportions.

If you die in service, the lump sum payable is: four times your pensionable pay, plus. the actual amount of the Cash Balance benefit you've built up (i.e. not reduced for early payment).

It's simply a formal request to the trustees or administrator of your pension scheme, setting out who you'd like to receive your pension benefits on death.

I would like the Trustee to consider the following person(s) or organisation(s) for a lump sum benefit if this is applicable. I understand that the Trustee has complete discretion over the payment of any lump sum benefit and, although the Trustee will consider my wishes, my request is not binding on the Trustee.