Executor - Overpayment of private pension

baby_boomer

What is the best way to proceed when a monthly pension annuity payment has gone into the deceased's account after his/her death?

getmore4less

write to the pension providor for a final statement

You need this for the R27 anyway.

baby_boomer

Do I need grant of probate to get a statement from the pension provider?

dzug1

baby_boomer wrote: »

Do I need grant of probate to get a statement from the pension provider?

No you don't

Biggles

No, in fact you'll need the statement from the pension provider to obtain probate. Just write with a copy of the death certificate.

baby_boomer

I had assumed that the the annuity would be calculated daily up until death but it's not.

If a monthly annuity is paid the day before death, it is valid in full.

If a monthly annuity is paid the day after death, the estate is liable for the full monthly repayment.

Simples!

Although I am beginning to see how simplicity is a virtue at such a time.