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Reporting pensions lump-sum death benefits

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The Registered Pension Schemes (Provision of Information) (Amendment) Regulations, SI 2017/11, specify the information that scheme administrators must provide to trustees and that trustees must provide to beneficiaries, when registered pension schemes pay lump-sum death benefits to trustees on or after 6 April 2016. The required information includes the amount of the benefit and the tax charged, to enable individual beneficiaries to submit repayment claims for tax deducted over and above the amount due at their marginal rate of tax. This information must be provided by 8 March 2017 at the latest. HMRC consulted on a draft of these regulations during November and December 2016.