When was the last time you updated your Expression of Wish Form?
Should you die are your dependents protected?
By updating your Expression of Wish form today you can have the peace of mind that your dependents have a more secure future in the event of your death.
What is an Expression of Wish form?
Completing an Expression of Wish Form allows you to inform the Pension’s Trustees how you would like any lump sum death benefits to be paid to in the event of your death. Your Expression of Wish continues until you submit any updated Expression of Wish Form. We would always suggest keeping your Expression of Wish form up-to-date, especially if you have a change of circumstances.
Why should I do an Expression of Wish form?
Completing an Expression of Wish form helps to indicate to the Pension Trustees your chosen beneficiary in the event of your death. Any payment which is made is subject to the discretion of the Trustees who will always take your wishes into account. By completing an Expression of Wish form it allows any payment to be made quickly with the benefits not forming part of your estate. This means any benefits wouldn’t count towards inheritance tax. Once the Trustees of the Plan have approved any Death benefits, a payment is made. This prevents your beneficiaries from having to wait for any Grant of Probate or Letters of Administration to be obtained.
How do I update my Expression of Wish form?
To keep things simple you can download the form here Expression of Wish form.