Member’s Choice. Subject to rules 8.3 to 8.6 a member, as provided for in the contract, may elect when an annuity is purchased that, in addition to the pension being provided for the member, the annuity contract or a contemporaneous annuity contract to be purchased in the name of the trustee will also provide for a pension after the member’s death for: • the widow or widower; and / or • one or more dependants as permitted under the Act. If an annuity has been purchased by a member, rules 8.3- 8.6 will deal with death benefits arising from that annuity and Rule 8.7- 8.11 deals with any other situation where entitlement has been taken from an arrangement by the member. Deduction of Tax Payment of any entitlements under this rule 8 shall be made after deduction of tax or any charge set out in rule 22 of the rules, and as appropriate, income tax.
Member’s Choice. 9.1.1 If the contract permits, a member may choose that, if the member dies before pension date, the member’s fund will be used to secure a survivor’s pension through the purchase of an annuity from an insurer (that is a pension for the widow or widower, and / or one or more dependants) or provide income drawdown (that is income drawdown for the widow or widower, and / or one or more dependants). If the member does not make a choice under this rule and there is a survivor, the scheme administrator may decide how the member’s fund should be utilised to provide income by an annuity or otherwise or paid as a lump sum in accordance with rule 9.12.
