Death of Member During Payment of Income Drawdown Sample Clauses

Death of Member During Payment of Income Drawdown. A member may, as permitted by the contract, choose that, in the event of the member’s death after electing to defer the purchase of the member’s annuity under rule 7 but before all the member’s fund has been used to buy an annuity, the member’s fund shall be applied to, or for the benefit of, one or more survivors. Subject to the contract, a member may allocate member funds to provide any dependant of the member with a dependants’ drawdown pension, the purchase of a dependants’ annuity an uncrystallised funds lump sum death benefit, if the member died on or after 6 April 2011 without any dependants the payment of a charity lump sum death benefit. The scheme administrator shall determine what benefits are available under the contract and arrange for payment to the recipient as appropriate. The benefits to be paid on death may be different depending on: • the member’s age at the date payment of entitlement commenced and at the date of death; or • if the arrangement from which the income withdrawal is paid is constituted by a protected rights fund or non-protected rights fund, or both. The contract shall specify such benefits as may be paid from the scheme in each set of circumstances
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