Hi,
My wife passed away 18 months ago. She had a pension fund (defined contribution) built up from a previous employer. She changed employers subsequently, but left that pension in the original employer plan.
I have not yet taken action to get that pension sum, for various reasons.
The pension value has increased since her death.
My understanding is the pension fund administrators will transfer to me the total value of the fund in a lump sum.
Is this correct ?
Also, will the value of the fund be based on her date of death or date of the transfer out (to me) ?
Thank you
My wife passed away 18 months ago. She had a pension fund (defined contribution) built up from a previous employer. She changed employers subsequently, but left that pension in the original employer plan.
I have not yet taken action to get that pension sum, for various reasons.
The pension value has increased since her death.
My understanding is the pension fund administrators will transfer to me the total value of the fund in a lump sum.
Is this correct ?
Also, will the value of the fund be based on her date of death or date of the transfer out (to me) ?
Thank you