This is a one-off payment of £1,000, payable on the death of a pensioner who was a retired employee, to help towards immediate funeral expenses.
It’s paid by the Trustees, which means there isn’t any liability for Inheritance Tax.
If it’s needed to cover funeral costs, the Trustees will pay it directly to the funeral director. If funeral expenses are already provided for, the benefit will be paid to a beneficiary or beneficiaries chosen by the Trustees.
When we write to your next of kin we’ll include a bereavement grant form.