Death in deferment

Lump sum

A cash sum equal to the contributions you paid to the Scheme (excluding any AVCs) with interest determined by the Trustee after consulting the Actuary.

This will be paid to a beneficiary chosen at the discretion of the Trustee, taking into account any beneficiary nominated by you on your Expression of Wish form.

Spouse or dependant’s pension

Your spouse or dependant may receive a lifetime pension, calculated as half the pension you would have received if you had retired the day before you died.

If your spouse or dependant is more than ten years younger than you, the pension may be reduced to take account of their longer life expectancy.

Child’s pensions

A pension is paid to each child (up to a maximum of 4). Each pension is equal to one quarter of the spouse’s or dependant’s.

Pensions may be paid at the Trustee's discretion to children up to the age of 23, if they are still in full-time education.

Please note: Any reference to spouse’s benefits in this section could also apply to a civil partner.

Lump sum

If you die in deferment, the Trustee has the discretion to pay a lump sum equal to the value of your contributions (whether made directly or via AA Plus), plus interest to date of death.

This will be paid to a beneficiary chosen at the discretion of the Trustee, taking into account any beneficiary nominated by you on your Expression of Wish form.

Any AVC account balance(s) would also become payable in the event of your death.

A lump sum may only be payable if you currently do not have a spouse or child receiving a pension from the Scheme.

Spouse’s or dependant’s pension

Your spouse’s or dependant’s pension is calculated as 50% of your deferred accumulated retirement income.

A child’s pension

Pensions are paid for up to four children under age 18. Each pension is equal to one quarter of the spouse’s pension.

Pensions may be paid at the discretion of the Trustee for children up to the age of 23, if they are still in full-time education.

Please note: Any reference to spouse’s benefits in this section could also apply to a civil partner.

Lump sum

A cash sum equal to the contributions you paid to the Scheme (excluding any AVCs) with interest determined by the Trustee after consulting the Actuary.

This will be paid to a beneficiary chosen at the discretion of the Trustee, taking into account any beneficiary nominated by you on your Expression of Wish form.

Spouse or dependant’s pension

Your spouse or dependant may receive a lifetime pension, calculated as half the pension you would have received if you had retired the day before you died.

If your spouse or dependant is more than ten years younger than you, the pension may be reduced to take account of their longer life expectancy.

Child’s pensions

A pension is paid to each child (up to a maximum of 4). Each pension is equal to one quarter of the spouse’s or dependant’s.

Pensions may be paid at the Trustee's discretion to children up to the age of 23, if they are still in full-time education.

Please note: Any reference to spouse’s benefits in this section could also apply to a civil partner.

Lump sum

A cash sum equal to the contributions you paid to the Scheme (excluding any AVCs) with interest determined by the Trustee after consulting the Actuary.

This will be paid to a beneficiary chosen at the discretion of the Trustee, taking into account any beneficiary nominated by you on your Expression of Wish form.

Spouse or dependant’s pension

Your spouse or dependant may receive a lifetime pension, calculated as half the pension you would have received if you had retired the day before you died.

If your spouse or dependant is more than ten years younger than you, the pension may be reduced to take account of their longer life expectancy.

Child’s pensions

A pension is paid to each child (up to a maximum of 4). Each pension is equal to one quarter of the spouse’s or dependant’s.

Pensions may be paid at the Trustee's discretion to children up to the age of 23, if they are still in full-time education.

Please note: Any reference to spouse’s benefits in this section could also apply to a civil partner.