Automatic Enrolment Retirement Savings System Act 2024 section 84

Payment in the event of death of participant

Section 84 sets out the process by which a deceased participant's personal representative may apply to withdraw the balance from the participant's automatic enrolment savings account.

• Where the Authority has notified that a participant's savings are available for withdrawal, and the participant has died, the participant's personal representative may apply to the Authority to withdraw the account balance.
• On receiving such an application, the Authority must promptly pay the full balance in the participant's account to the personal representative.
• The application may be made regardless of whether the participant's death occurred before or after the Authority issued the withdrawal notification.
• The Authority is required to publish the procedure for these applications and payments on its website.