I think what Maunder is saying is for example: those who would have died from other causes in September but have died in May due to the virus, would be counted in May as excess deaths. Therefore there will be fewer deaths in September. That will even out the annual dearth rate a little.
Yes, assuming no second wave I would expect there to be fewer deaths than the long term average later in the year. Not only because of sick and elderly people who have died earlier in the year as part of the pandemic, but also, on a more cheerful note, because of the cleaner air and also perhaps because more people have been walking, jogging and cycling.
One positive aspect could be that more people decide to ditch public transport and cycle to work etc. Obviously that isn't possible for everyone, but it is something that local councils are taking seriously, for example by installing temporary cycle lanes etc to encourage more people to avoid public transport.
Yateley, NE Hampshire, 73m asl
"But who wants to be foretold the weather? It is bad enough when it comes, without our having the misery of knowing about it beforehand." — Jerome K. Jerome