Skip to Main Content

Your feedback is important to us. To help us improve, tell us what you think about our member help centre by taking a short survey.

What happens to my retirement pot if I die before taking my money out?

You can choose who should receive the benefits of your retirement pot if you die before taking your money out. They can be your family members, friends, your favourite charity or any other organisation. They are known as a nominated beneficiary.

If you’d like to see how to add or change a beneficiary, please see How do I add or change my nominated beneficiary?

If you die, we’ll pay the percentage of your pot value decided by you to your nominated beneficiary. If you’ve chosen to nominate your favourite charity as your beneficiary, we’ll try to establish if you have any dependants. If we find out that you have no dependants, we’ll pay a lump sum death benefit to the charity.

In the absence of a nominated beneficiary, we’ll try to trace your dependants. If we’re able to trace any of your dependants we’ll pay them either dependant annuity or lump sum death benefit. If there are no dependants we’ll pay the lump sum death benefit to your personal representative. A personal representative is a person who is responsible to settle any outstanding liabilities or deal with your estate on your behalf. 

If there is no personal representative and if your retirement pot is less than £5000, we’ll pay the amount as decided by your trustee to one of your relatives. For example your spouse or civil partner, children, parents, siblings, grandparents and parent’s siblings.

If the retirement pot value is more than £5000 and there is nominated beneficiary added on your NEST account we’ll not require any additional evidence. If there is no nominated beneficiary then we will require the ‘Grant of probate’ to process the claim.

Was this helpful to you?

Tell us how can we improve this article?

/4000
Cancel Submit

Thank you.

Feedback

Was this helpful to you?

Tell us how can we improve this article?

/4000
Cancel Submit

Live Chat

Our live help agents will answer your questions and guide you trough setting up and managing NEST.

Our chat is available from Monday to Friday from 8.00AM to 8.00PM

Your feedback is important to us. Tell us what you think. feedback