10 May 2023
Did you know that if you are suffering from serious ill-health, you may be able to take all of your benefits in the Plan as a single lump sum?
This is known as a ‘serious ill-health lump sum’ (“SIHLS”) and may be available if a registered medical practitioner has confirmed that you are expected to live for less than one year. Please note that the SIHLS uses all of your benefits in the Plan.
If you think you may be eligible to receive a SIHLS, please contact Equiniti, the Plan Administrator, to request a serious ill-health lump sum form. This form will need to be completed by you and a registered medical practitioner, and shared with Equiniti as soon as you are able. The Trustee will then review your case and decide whether a SIHLS is payable in your circumstances. It is important that you complete the form fully and carefully. However, if the Trustee requires further information from you to reach a decision, someone will be in touch with you as soon as possible.
If the Trustee agrees to pay a SIHLS, the value of the lump sum will then be calculated by Aon, the Plan’s Actuary. Although the SIHLS will extinguish your right to any further benefits from the Plan, a pension will still be payable to your spouse/dependent and/or children as defined in the rules of the HP Plan.
You can contact Equiniti using the following details:
Telephone them on: (Monday to Friday) +44 (0)333 207 6553
Email them at: digital@equiniti.com
Write to them at:
Hewlett-Packard Limited Retirement Benefits Plan
Equiniti
Sutherland House
Russell Way
Crawley
West Sussex
RH10 1UH