Lump sum for Widow

[Hawkey99]

Just wondered if anyone knew the arrangements for a widow in the following circumstances

Husband retired Postman who has taken his NRA 60 but not his NRA 65.

I know the widow get about half the pension but how does the lump sum money on the undrawn NRA 65 WORK.

Many thanks

[RobertT]

The RMPP website states:

Death in retirement

If you die after you’ve started taking all your benefits, your spouse or civil partner will get a pension. If you’re not married or in a civil partnership, you can nominate someone who is financially dependent on you to receive the pension. And if you die within five years of starting to take your benefits, a lump sum is paid too.

It’s very important that you confirm who you would like to get any benefits when you die. There are different forms for you to fill in - these are to be found at the bottom of this page.

If you’ve not had your Age60 and Age65 benefits both put into payment when you die, different amounts will be paid.

[Hawkey99]

Thanks Robert,

Seems strange they sy nothing other than "there is an amount will be paid".

Just wondered for instance would they get an option of a lump sum assuming only NRA 65 remaining to be taken and if so is there any agreed % of the pension value ?