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Pensions lump-sum death benefits paid to a trust

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HMRC is consulting until 5 December 2016 on draft amending regulations which specify the information that:

  • pension scheme administrators must provide to trustees when they pay lump sum death benefits to a trust; and
  • trustees must then provide to individual beneficiaries.

Details are required of the amount of the benefit and the tax charged, to enable a refund claim in respect of tax paid by the scheme administrator over and above the amount due at the beneficiary's marginal rate. The regulations also specify time limits for providing the required information.

Issue: 1331
Categories: News