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a superyacht life gta payout

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GTA Online Yacht Missions And Payouts

GTA Online offers a wide variety of mission chains and quests, providing players with the opportunity to earn substantial rewards. Among these missions are the Yacht missions, which are part of the "A Superyacht Life series" and become available after purchasing a Yacht. 

To assist you in completing these missions and obtaining the associated rewards, we have provided a comprehensive breakdown below. We will outline the specifics of each Yacht mission, explain the payout structure, and reveal the rewards you can expect upon completion.

GTA Online - All Yacht Missions

As part of the Los Santos Summer Special update in Grand Theft Auto Online, players can engage in a series of six missions called " A Superyacht Life. " These missions are assigned by Brendan Darcy, the captain of the player's Galaxy Super Yacht, and can be played by a group of 1 to 4 players.

GTA Online All Yacht Missions listed below

Below are the descriptions of all six of these Yacht missions in GTA Online:

Mission 1: Overboard

Captain Darcy alerts the player that the yacht's jetskis and important documents, which establish both the Captain and the player as permanent residents of international waters, have been stolen. The player is instructed to proceed to the Vespucci Canals, where the joyriders were last spotted. Eliminating the thieves in this area can be challenging, but it offers decent cover and strategic shooting positions.

GTA Online All Yacht Mission Overboard mission

The Captain reveals that the culprits are members of the Puerto Del Sol yacht club, prompting the player to seek revenge. The next objective is to head to the yacht club and sink the 10 boats docked there. Time is of the essence, as a boat may attempt to escape. Sink them all, and the mission will be completed.

Mission 2: Salvage

Brendan Darcy informs the player about a distress call from a sunken supply ship nearby. They are directed to a dredge barge to collect the sunken cargo around the wrecked Olifantus ship. 

After retrieving the cargo, the player returns to find the yacht invaded by the Kkangpae. They eliminate the hijackers and receive a call from Brendan, who reveals he and the bartender have been taken hostage. The player rescues them while fending off attackers and returns to the yacht.

Mission 3: All Hands

Brendan alerts the player about a problematic business deal at the Pacific Country Club. They must steal firefighting planes from LSIA to extinguish cars set on fire by club members. Guards at the airport trigger a 2-star wanted level until the Tula is acquired.

GTA Online All Yacht Missions All hands mission

After refueling in the air and receiving a threatening text message, the player heads to the country club. They extinguish burning vehicles while fending off Kkangpae attacks. There's a 5-minute time limit for each task. Brendan mentions additional fires at the Pipeline Inn. Returning the Tula to the yacht concludes the mission. Failing restarts at the LSIA hangar without enemies.

Mission 4: Icebreaker

Brendan Darcy devises a revenge plan against the Kkangpae for kidnapping him. The player destroys air-conditioning units at the Fridgit Cold Storage warehouse and steals the prepared product. 

The player must deliver the goods while fending off Kkangpae attacks. The mission ends when the player reaches the buyer in an alley behind the Hedera Hotel in Del Perro.

Mission 5: Bon Voyage

The mission starts with a stormy setting as the yacht's systems fail. Enemies attack from different directions, including onboard, in Dinghies, and from Buzzards. Brendan reveals that the attackers are the Kkangpae, the gang that previously kidnapped him. 

GTA Online All Yacht Missions Bon Voyage mission

The player defends the yacht through three waves of enemies. Brendan restores power and requests the player to eliminate remaining foes on foot and in boats. The mission ends after completing this task.

Mission 5: D-Day

Brendan informs the player about the boss of a money laundering outfit staying on a heavily defended yacht. He suggests using a Kraken submersible to sneak past their defenses. The sub is located near a barge, close to the rival yacht's defensive zone patrolled by Dinghies.

While operating the sub, the player must stay low to avoid detection and navigate through underwater mines. A detection meter shows the player's visibility to the yacht's defenses, while a depth meter indicates their underwater level. Staying at a safe depth of around 275-350ft is crucial. The surrounding area is patrolled by boats, so the player must remain submerged.

GTA Online All Yacht Missions Final mission D Day

Approaching the yacht's vicinity, the player resurfaces and boards the ship, engaging multiple enemies onboard. After eliminating all enemies, the boss tries to escape in a helicopter. The player must give chase, with the helicopter being escorted by two others. Dinghies also join the pursuit. The escort helicopters have gunners armed with RPGs. The target helicopter's health is displayed on-screen. Once the helicopter is destroyed and the boss is killed, Brendan suggests collecting the bounty on the boss's head, concluding the mission.

GTA Online - Yacht Missions Payouts

Currently, we don't have an exact number for the payout of each of these missions, since they depend on other factors such as the rank you play at and the amount of time the mission takes. However, we can say that the payout will be around the $38,000 mark (adjusting for the 25% increase thanks to the recent update), as after they are all complete, players will earn the Captain's Outfit as a souvenir.

GTA Online All Yacht Payout's total amount

So there you have it, a complete breakdown of all the Yacht missions on GTA Online as well as the Payouts you'll receive for completing them. Be sure to check back here soon, as we'll update this listing with the most relevant information as it's made available. 

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a superyacht life gta payout

GTA Online: How to complete Superyacht Life Missions

Image of Mohid Shahid

Step into the world of luxury and conquer the seas with the Superyacht Life missions in Grand Theft Auto Online . In this high-stakes quest, you are assigned to go against a rival gang’s attempts to disrupt the balance through a series of less-than-legal activities.

From extraction of cargo to killing a few folks, a total of six adrenaline-pumping missions are part of this quest which can be played with up to four players. And with the Weekly GTA Online update, there’s an added incentive—you can now earn a lucrative bonus of $100,000 per mission until May 15, making the rewards as enticing as the thrill of the chase itself.

How to access the Superyacht Life missions in GTA Online

As the name suggests, to play these missions, you must first reach millionaire status by purchasing the Galaxy Superyacht . Once the luxurious boat has been purchased, meet with the captain at the yacht’s bridge to begin the available mission. 

An image of a yacht with a helicopter flying over

Alternatively, you can call the captain directly and request a job to initiate the quest. Both of these options are available as long as you haven’t completed the whole quest line before.

All Superyacht Life missions in GTA Online

Mission 1: overboard.

The first mission involves a group of thugs stealing the yacht’s jet skis and documents specifying that said yacht is a permanent resident of international waters.

Get on a jet ski and begin tracking down the thugs docked near the Vespucci Canals. Eliminate them and retrieve the docs. While doing this, you will also have a high Wanted level and run to save your life.

After dealing with the enemies, the captain will call again, alerting you that the thugs are part of a rival yacht club. You need to head over there and sink a total of 10 boats.

A guy riding a speed boat in front of a yacht.

The last objective is to get rid of your high Wanted level , then the mission is completed.

Mission 2: Salvage

After the success of the first mission, Captain Brendan sends you to collect salvage from the sunken cargo ship near the yacht. To start the mission, speak with the captain and head over to the southern section of the boat. Dive into the water and follow the tracker as it leads you to the cargo.

While underwater, a distress call from Captain Brendan will let you know that he has been kidnapped. Worse, the cargo has been collected from the ship has been stolen. A new objective will pop up, asking you to save the man.

Proceed to the designated location on the map and discreetly eliminate all enemies. If you are detected, the kidnappers will execute the captain. Rescue the captain and rescue the goods to complete the mission.

Mission 3: All Hands

After the events of the second mission, an unknown party starts to set the Pacific Country Club members’ cars on fire, and it’s up to you to stop it.  To extinguish the fire, the captain will direct you to steal an airplane called Tula .

An image of a plane flying.

Head over to the Los Santos International Airport and eliminate the 10 coast guards patrolling the entrance. Using stealth can make things easier because getting caught will net you a two-star Wanted level. Simply board the Tula after clearing the guards.

After boarding the airplane, you will see eight water gauges on their HUD that require filling. To do so, land the aircraft on the water and wait until all tanks are filled. Then, proceed to the Country Club’s garage to extinguish the fire. Upon arrival, Kkangpae (the man responsible) and his goons will open fire on the plane, adding another challenge for you to overcome.

Extinguish the fire to receive a call from the captain, who tells you about another garage where Kkangpae’s men have set six more cars on fire. Fly the plane over there and extinguish this fire as well. This time, there is no need to fight anyone: Simply return to the yacht with the Tula after saving the cars to mark the mission complete.

Mission 4: Icebreaker

Captain Brendan formulates a plan to take revenge on Kkangpae and his men. The captain directs you to infiltrate the rival gang’s warehouse near the Cyprus flats by destroying 10 AC units.

This is a straightforward mission where you must destroy all the AC units while surviving the attacks of Kkangpae’s goons. Next, the captain will direct you to steal Benson, a product ready to be sold by the gang, and then to sell it directly to the buyer yourself.

Mission 5: Bon Voyage

Bon Voyage is one of the most intense missions in the Superyacht life questline as it involves surviving three waves of Kkangpae’s men trying to hijack the Super Galaxy yacht in extremely unfavorable weather.

Due to the harsh weather, the yacht generators have malfunctioned, and the anti-aircraft systems have gone down with them. Using this as an advantage, enemies attack the yacht from sea and air alike. It’s up to you to stop them.

You will need heavy armor to withstand the three waves of enemy attacks. The yacht’s generators will reactivate after the first two, triggering the anti-aircraft system, which targets and destroys helicopters surrounding the yacht, making your life easier for the final showdown.

Mission 6: D-Day

Captain Brendan is fed up with Kkangpae and his gang, so he tasks you with eliminating the leader on his yacht. To avoid detection, he advises using a submarine to disarm the mines placed nearby.

A man driving a submarine underwater.

Track the yacht and disarm any mines in the vicinity. Once the area is safe, board the ship and take care of Kkangpae and his crew. Expect the leader to flee via his helicopter onboard: Use the RPG to take it and finish GTA Online ‘s Superyacht Life quest in style.

An image from GTA Online of Tony standing outside a nightclub. There is a car in the background.

GTA Online: How To Complete The Superyacht Life Missions

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Pokemon mystery dungeon: 8 best partner pokemon in the series, ranked, black myth wukong: cannot absorb spirits without guidance, explained, quick links, what is a superyacht life, mission 1: overboard, mission 2: salvage, mission 3: all hands, mission 4: icebreaker, mission 5: bon voyage.

Unlike most entries in the Grand Theft Auto franchise, Grand Theft Online allows players to breathe life into their characters and explore Southern San Andreas as their own crime lords-to-be. Now outside the confines of the stories of usual Grand Theft Auto protagonists, GTA Online players are left to their own devices to make a name for themselves with a rising criminal empire. That, or just go have explosive mayhem with their friends.

RELATED: GTA Online: Most Important Updates In The Game's History

Thankfully, players who want a genuine GTA experience can rely on missions to give them a semblance of sanity in the game’s setting. One such quest is “A Superyacht Life,” which in itself is a series of six missions that players can pursue with up to three friends. What makes “A Superyacht Life” one of the most memorable quest lines in the hit online installment, and how can players complete it?

Available through the Los Santos Summer Special update released in 2020, “A Superyacht Life” is a questline given to a player or up to four players. This questline is primarily set in the Galaxy Super Yacht , an expensive GTA Online vehicle that players will eventually own.

Similar to other questlines in GTA Online , the ones provided in A Superyacht Life revolve around an interconnected plot point. Players must assist the quest-giver, Captain Brendan Darcy, in various duties involving the usage of the Galaxy Super Yacht. These include undersea missions, cargo retrieval, and even fulfilling the goals of high-end clients.

Accessing The Quests

Players can access "A Superyacht Life" from the Bridge of the Galaxy Super Yacht. From here, they should head to the Captain’s Workstation to load the current mission available to them.

Alternatively, players may be able to use their smartphone to call Captain Brendan Darcy and then choose a Request Job. The current available mission in the series should be made accessible to players. Both these options are available as long as players haven’t completed the questline in full.

When players access this mission, a distressed Captain Darcy informs the player that someone has stolen the yacht’s jetskis (another expensive GTA Online vehicle ) as well as important documents related to both the Captain and the players. The documents specify that they are “permanent residents of international waters.”

First, head to the Vespucci Canals, the last known location of the joyriders. The waterworks can prove tricky ground to eliminate the thieves at first, but the area provides both decent cover and a lot of openings to shoot opponents.

RELATED: Grand Theft Auto 6: Potential Benefits Of Sticking With Multiple Protagonists

The Captain will then inform players that the thieves were part of a Puerto Del Sol yacht club, which means players have to exact revenge against them. To do this, they need to head to the yacht club and sink the 10 boats located there. Players need to do this fast, as one of the boats may attempt to sail away from danger. This second objective is tricky, as this part of the mission is done with a Wanted level that doesn’t lower. The yacht club also has medium-level Security Guards. Moreover, the mission is only completed once players lose their Wanted level as well.

After a successful encounter with thieves, the Captain sends players to their second Grand Theft Auto mission . "Salvage" resembles a more modern take on sea exploration, albeit with a dash of wanton violence. The Captain informs a player of a distress call that has come from a sunken supply ship, the Olifantus, not too far from them. Should they make it in time, they will be able to retrieve the cargo and the loot for themselves.

Retrieving Supplies

Players are first directed to a dredge barge just south of the yacht. Go underwater towards the shipwreck and slowly retrieve the supplies. Players can’t stay underwater for too long, though. They are able to rise and swim back courtesy of Rebreathers, around 10 of which are provided. Players may also use their own scuba suit for this portion of the game.

Dealing With The Kkangpae

The Captain, via a call, congratulates the player after their retrieval of the cargo. Unfortunately, the sound of glass breaking can be heard, as well as the implication that part of the cargo has been stolen. Players have to go back to the ship, only to see it hijacked by the Kkangpae. They will also notice some enemies riding Dinghies circling their yacht. The confrontation with the Kkangpae is tricky, as players find themselves surrounded. There is no time limit for rescuing the Captain though, so players can take their time.

After eliminating the Kkangpae, players will receive a call from an unknown number with the Captain on the line. He will explain that the Kkangpae took him and the bartender hostage as revenge for the yacht destruction in the previous mission. Players will be directed to a peninsula near Cape Catfish, with one area designated as a hostage site. Be careful during this portion of the mission, as the player's travel towards the peninsula will have them encounter various Kkangpae. Not only that, they need to steer clear of the hostage site, as the Captain and bartender will be executed once players are seen at a particular distance. Eliminating the hostiles stealthily will complete the mission.

The adventures of the players and the Galaxy Super Yacht take a wilder turn fitting the Grand Theft Auto name courtesy of the third mission. When players accept their mission, the Captain tells the player of a business deal they have to salvage involving the Pacific Country Club. Apparently, an unknown party has started setting club members' cars on fire, and it’s up to players to stop this. Despite its straightforward nature, the mission has a particular complexity that players need to consider.

Stealing The Tula

First, go to the LSIA to steal a Tula (an aerial firefighting plane) from the coast guard before the fire department is able to respond to the situation. When players arrive at the airport, around 10 Coast Guard members are patrolling the area. Players will notice stealth visibility cones in their minimaps, all from the Coast Guard members. Players need to steal the Tula quietly, as getting spotted will give players 2 Stars in Wanted levels.

Once players do steal the Tula, they will notice a new part of the HUD: a “Water Remaining” gauge. Players need to land on water periodically to refill it, and should do so until they have around eight water gauges. This serves as “water bombs” to wipe out the fire in the garage. After filling up the bars, players will get a text message warning them to stay out of this problem.

RELATED: Grand Theft Auto 6: Side Activities The Open World Should Include

Putting Out Fires

Players will notice eight burning cars when they arrive at the country club, all of which they have to extinguish. This becomes challenging as Kkangpae try to destroy the Tula from the ground. The added challenge here is that players only have five minutes to save all these vehicles.

When players finish this segment, the Captain will tell players that they need to go to the Pipeline Inn nearby to save yet another set of vehicles. This time around, players need to save six more vehicles within another five minutes while enemies try to destroy the Tula. After putting out all the fires, the Captain will tell players to bring the Tula back to the yacht for disposal. The mission ends when the player lands the Tula near the yacht.

Despite the difficulty of the mission, failing and restarting does get players next to the Tula without any enemies present. This allows them to simply load the Tula with water and proceed with the rest of the mission.

In the fourth mission, the Captain has begun formulating a plan for exacting vengeance against the Kkangpae for the previous mission’s kidnapping. This becomes a more action-packed take on the questline, akin to more standard missions in the title.

First, players have to go to the Fridgit Cold Storage warehouse inside the Cypress Flats. The mission will tell them to destroy all AC units that maintain the temperature of the gang’s products. During this part of the mission, the Kkangpae will attack players from Frogger choppers from the skies and from other rooftops. Players new to GTA Online need to be careful here, as they might be overwhelmed.

Next, players are asked to steal Benson, a product that the gang is currently preparing to deliver. The Captain will then tell players to deliver the product to the buyer themselves. During the process of delivery, the Kkangpae will still try to chase and attack the players from various directions and from different vehicles. The buyer is located in Del Perro’s Hedera Hotel, in an alley behind the structure. The mission is completed after players exit the vehicle.

Bon Voyage takes place during a heavy thunderstorm. At the start of this mission, the Captain tells players that the heavy rain has shut down both yacht’s engines and generators. Even the power onboard will go down, and the helicopter aboard the expensive GTA Online yacht explodes while waves of enemies slowly arrive.

The yacht usually has anti-aircraft systems, but the lack of electricity means they’re non-functional. Only the players are able to defend the yacht. This is perhaps the most difficult confrontation in the questline. Enemies will be coming from multiple fronts: enemies already onboard, those arriving from the sea, and those rappelling down from choppers.

There will be three waves of enemies of progressing difficulty. Unfortunately, players won’t be able to enter the interior of the yacht. However, players will continuously see Body Armor and Health pack pickups on the top deck just outside the bridge’s entry to give them the occasional boost.

After the second wave, the Captain will realize that the attackers are once again the Kkangpae. When players reach the third wave, the Captain will finally get power back on the yacht and activate the defenses. This gives players an offensive boost, as the Captain will be able to handle threats from the skies. After players clear the remaining threats from the boats and on the ground, they will finally complete the mission.

Grand Theft Auto Online was released for the PS4, Xbox One, PS5, Xbox Series X/S, PS3, PC, and Xbox 360.

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GTA Online Double Rewards on A Superyacht Life Missions and Hidden Caches, Peyote Plants Return and more

This week's bonuses & rewards.

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3X GTA$ & RP :

2X GTA$ & RP :

  • A Superyacht Life Contact Mission
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Also, c omplete A Superyacht Life mission to receive GTA$100,000 within 72 hours of completion.

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French film giant Alain Delon dies aged 88

a superyacht life gta payout

French film legend Alain Delon has died at the age of 88.

The actor was a star of the golden era of French cinema, known for his tough-guy persona on screen in hits including The Samurai and Borsalino.

Delon had been in poor health in recent years and had become a virtual recluse. More recently, the breakdown of his family had made headlines in France.

Brigitte Bardot led tributes in France saying Delon's death left a "huge void that nothing and no-one will be able to fill".

Once described as the most beautiful man in the movies, Delon starred in hits from the 1960s including The Leopard and Rocco and his Brothers.

He stole the hearts of fans whatever role he was playing, from a murderer to a charismatic conman.

From the 1990s, his film appearances grew rare, but he remained a fixture in the celebrity columns.

In total, he made almost 90 films during the course of his career.

French President Emmanuel Macron was among those paying tribute to Delon on Sunday, saying the actor “played legendary roles and made the world dream”.

In a statement on X, formerly Twitter, he added: "Melancholy, popular, secretive, he was more than a star: he was a French monument."

Getty Images Head and shoulders portrait photo of French actor Alain Delon taken during the 1960s

A statement from his family said: "Alain Fabien, Anouchka, Anthony, as well as (his dog) Loubo, are deeply saddened to announce the passing of their father.

"He passed away peacefully in his home in Douchy, surrounded by his three children and his family."

Le Parisian newspaper called Delon “a legend of the cinema”, while Liberation described him as “a leading figure of cinema, symbol of shadowy masculinity, the actor with crazy charisma”.

In a statement to AFP news agency, Brigitte Bardot said Delon "represented the best of France's 'prestige cinema'".

"An ambassador of elegance, talent, beauty. I lose a friend, an alter ego, a partner."

Delon's last major public appearance was to receive an honorary Palme d'or at the Cannes film festival in May 2019.

At the event, he made an emotional speech in which he appeared to bid farewell to cinema.

"It's a bit of a posthumous tribute, but from my lifetime," he said. "I am going to leave, but I won't leave without thanking you."

Former president of the Cannes festival, Gilles Jacob, described Delon as "a lion... an actor with a steely gaze", while Alberto Barbera, director of the Venice film festival, said he was an "icon" who had climbed "to the Olympus of the immortals".

Getty Images French actor Alain Delon, circa 1960

For decades, the French public have followed the ins and outs of Delon’s prolific career and equally prolific love life, via Paris-Match and other magazines.

His colourful personal life regularly made the front pages as he charmed and seduced his way around Europe at the height of his fame.

But he also faced criticism. Some disapproved of his support for Jean-Marie Le Pen, leader of the far-right National Front, who championed the death penalty and opposed same-sex marriage.

His relationships with women also caused controversy and led to claims of misogyny.

Tragic finale as film great Delon's family torn apart

More recently, the breakdown of his family had been making headlines in France.

The actor had three children - two sons and a daughter - by two different women, and a third son unacknowledged and now dead.

In recent years, his surviving children have been laying bare their mutual grievances before the media in a series of insults, accusations, lawsuits and secret recordings.

They included disagreements over his medical treatment, following his stroke in 2019.

Another row involved Hiromi Rollin, Delon's former housekeeper.

Delon’s children ejected her last year, but she subsequently filed a suit against them for endangering Delon's life by refusing him medicines.

Getty Images A couple attaches flowers on the gate of the entrance of the property of late French actor Alain Delon

In April this year, a judge placed Delon under "reinforced curatorship", meaning he no longer had full freedom to manage his assets.

Delon also made headlines in February of this year when French police seized 72 firearms and 3,000 rounds of ammunition from his home. Prosecutors said he did not have a gun licence.

A shooting range was also found at his Douchy-Montcorbon mansion.

BBC News has contacted Delon’s representatives.

GTA Wiki

A Superyacht Life - D-Day

D-Day is a Superyacht Life mission in Grand Theft Auto Online as part of the Los Santos Summer Special update, released on August 11, 2020 . It is given to players by Brendan Darcy , the captain of the player's Galaxy Super Yacht , and is available from 1 to 4 players.

  • 1 Description
  • 2 Brendan Darcy's Dialogue
  • 3.1 Walkthrough
  • 3.2 Video Walkthrough
  • 4 Navigation

Description [ ]

Time will be frozen at 19:40.

Brendan Darcy informs the player that the boss of the money laundering outfit they've been fighting is staying on a securely defended yacht, but Brendan has set up a way to sneak past their defenses using a Kraken submersible. The sub is next to a Barge near the edge of the rival yacht's defensive zone which is being patrolled by multiple Dinghies . Once the player arrives and enters the sub, Brendan will tell them that they should stay low to avoid detection, but the gang has also set up underwater mines as well.

When entering the yacht's defense zone, a Detected and Depth meter will appear on the player's HUD, showing their detection by the yacht defenses and their depth in the water (which will decrease as the player descends). If the depth meter reaches above the halfway point, the detection meter will slowly increase and the sub will beep until the player moves back down to the proper level, at which the detection meter will decrease. A safe depth is around 275-350ft. The surrounding water marked with a red zone on the map is patrolled by boats, which is why the player must stay below the surface. While descended and avoiding the defenses, there will also be plenty of mines scattered around to avoid.

When the player comes close enough to the yacht (marked on the map with a yellow zone), they will have to ascend to the surface and board the ship, where they will face multiple enemies. When all enemies onboard have been killed, the Boss will attempt to board a helicopter and escape. The player will then have to chase down the helicopter, which is being escorted by two other helicopters. Enemy forces in pairs of Dinghies will also join the chase of the choppers. Gunners in the sides of the escort helicopters are armed with RPGs . The health of the target Maverick is shown on-screen. After the helicopter is destroyed and the Boss is killed, Brendan will exclaim that they should collect the bounty that was on his head, and the mission is complete.

Brendan Darcy's Dialogue [ ]

Gallery [ ], walkthrough [ ].

Mission start.

Video Walkthrough [ ]

GTA_Online_-_A_Superyacht_Life_Mission_Strand_-All_Missions-

GTA Online - A Superyacht Life Mission Strand -All Missions-

"D-Day" walkthrough between 48:10 and 57:09.

Navigation [ ]

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NEWS... BUT NOT AS YOU KNOW IT

Here’s what really happens to your pension when you die

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You might not often think about your pension until it’s time to retire, as the money goes straight into your pot without you having to do much.

But you never know what life has in store. You could, for example, die before you’re able to enjoy the contributions you made throughout your working life.

In the case of death, the pension pot doesn’t just disappear though, nor does it automatically go to your next of kin.

As such, you need to take action to ensure it goes to the right person.

Speaking on This Morning, Money Saving Expert founder Martin Lewis previously explained that you can’t bequeath the sum to a loved one in your will.

Instead, you have to nominate a trustee to handle your estate, then create a document explaining what you want to happen to your pension – and you might want to do that now, so your contributions aren’t just left in the lurch.

Retirement saving and pension planning

Martin said: ‘Pensions don’t generally go in your will, it is the trustees who will decide who the money goes to.

‘An expression of wishes nomination form tells the trustees who you would like it to go to. It can’t dictate, but it is a very strong indication.

‘My big tip, if you haven’t done that recently, go and make sure it is up to date because you do not want to leave your pension to your ex.’

The finance guru said the process of filling out an expressions of wishes nomination form is easy , and templates are usually available online through your pension provider. But to make it even easier, here’s everything you need to know.

What is an ‘expression of wish’ form?

You can’t leave pension savings in your will , so if you die before taking your private and/or company pension, the provider, or nominated trustees, decide what to do with it.

An ‘expression of wish and nomination’ form, as it’s officially called, tells your pension provider who should receive your pension savings (the ‘beneficiaries’) if you die before you retire. And although it’s not legally binding, your wishes will be taken into account when deciding who to pay out to.

How do I fill out an expression of wish form?

Each pension provider will have its own expression of wish form , and you’ll normally be asked to complete one as soon as you sign up to the scheme – while it’s not mandatory, it’s recommended.

An expression of wish form will generally ask you the following:

  • Your name, national insurance number and pension account number.
  • The name, address, date of birth and relationship of the beneficiaries you choose. This can be just one person, or as many as you like.
  • The percentage of savings you’d like each beneficiary to have. You can choose different percentages for different people, but the total for all beneficiaries must add up to 100%.

Serious caucasian old elderly senior couple grandparents family counting funds on calculator, doing paperwork, savings, paying domestic bills, mortgage loan, pension at home using laptop.

Who can I nominate as a beneficiary?

This depends on what kind of pension you have.

  • Money-purchase pensions  (also known as ‘defined-contribution’ pensions). Anyone can be named – this could be a partner, relative, child, friend or even an acquaintance. You can also usually nominate charities, if you wish to. 
  • Final salary schemes  (also known as ‘defined-benefit’ pensions). Here. you can’t just nominate anyone, but you  can  nominate people in accordance with the scheme rules. These vary between providers, so you’ll need to check with yours.

Important:  If you nominate someone under age 18, a pension provider will usually only be able to pay out to them if a trust or other suitable arrangement has been set up for them.

Does my employer pay my pensions?

Auto-enrolment into pensions now requires all employers to offer staff a pension, to automatically enroll them in the scheme and, crucially, to contribute on their behalf.  

From April 6, 2019, the minimum employer contribution level increased to 3%.

Under auto-enrolment, total contributions must be at least 8%, (your and your employer’s combined contributions should reach this) so if the employer only puts in 3%, the employee has to contribute 5%.

How much money does my employer put into my pension?

Contributions are based on a band of what are called ‘qualifying earnings’. This is any pre-tax employment income between £6,240 and £50,270 (in 2024/25).

So if you earn £25,000, you’ll get at least £1,501 automatically pumped into your workplace pension (calculated as £25,000 – £6,240 x 8%) including your own contribution and those from your employer.

If you earn £50,270, the total will be £3,522 (calculated as (£50,270 – £6,240 x 8%). However, if you earn say £55,000, the 8% is still based only on earnings between £6,240 and £50,270, so the total minimum contribution remains £3,522.

You can say ‘no’ to auto-enrolment if you don’t want to join. But it’s an opt-out rather than an opt-in scheme, so if you do nothing, you’ll be opted in.

Senior couple using laptop at home

How much money should I put into my pension?

The basic advice with pensions, according to the Money Saving Expert site, is to put in is as much as possible, as early as possible. There’s a rule of thumb for what to contribute for a comfortable retirement.

Take the age you start a pension and halve it. Then aim to put this percentage of your pre-tax salary into your pension each year until you retire.

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So, someone starting aged 32 should contribute 16% of their salary for the rest of their working life. Don’t worry, almost nobody reaches this amount, but the real takeaway is to start as early as possible with whatever you can, as it gives you longer for the gains to compound. 

Do you have a story to share?

Get in touch by emailing [email protected] .

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COMMENTS

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