Information about Covid19:
Please read our information on how we are supporting residents and businesses, as well as information on affected services.

Lump sum death grant

I left before 1 April 2008

If you left the Cornwall Pension Fund (CPF) before 1 April 2008, but were to die before drawing your benefits, a death grant equal to the current value of your preserved lump sum would be payable.  The death grant will include increases accrued whilst your benefits were preserved within the fund.

If you left the Cornwall Pension Fund (CPF) after 1 April 2008 a death grant of 5 times your preserved annual pension will be payable.  The death grant will include increases accrued whilst your benefits were preserved within the fund.

On death in deferment, a lump sum of five times your additional pension is payable.

If you paid AVCs, these would be paid in conjunction with the lump sum death grant.

Although it is very important to ensure your expression of wish form is up to date, the Pensions Section has the ultimate discretion over who a lump sum is made payable to, therefore the lump sum will not form part of your estate for inheritance tax purposes.

Our Jargon Buster may help with pensions terminology.