Source: http://www.hmrc.gov.uk/MANUALS/RPSMMANUAL/RPSM20000000.htm
Timestamp: 2013-06-20 02:22:16
Document Index: 369739861

Matched Legal Cases: ['art 14', 'art 4', 'art 4', 'art 14', 'art 14', 'art 2', 'art 4']

2010-11: £255,000 From 6 April 2011 - for the tax year 2011-12 and subsequent tax years the annual allowance is £50,000 unless changed by an order made by the Treasury.
In a cash balance arrangement, some of the investment and mortality risk is transferred to the scheme (or, if there is one, the employer); the fact that all or part of the pot is guaranteed or promised means that the promised amount must be made available to provide benefits irrespective of the level of actual funds held.
The amount that crystallises for lifetime allowance at a benefit crystallisation event that is not covered by an individual's available lifetime allowance at that time, plus any 'scheme-funded tax payment'. The chargeable amount is the amount on which the lifetime allowance charge arises.
Before 6 April 2011 was a lump sum benefit paid from a money purchase arrangement to a charity (as defined in paragraph 1 Schedule 6 FA 2010, previously in section 506 Income and Corporation Taxes Act 1988) following the death of a scheme member (or a dependant of such a member) who was aged 75 or over which met the conditions of paragraph 18, Schedule 29 to the Finance Act 2004. Such a lump sum could not be paid where there is still a surviving dependant of the member.From 6 April 2011 is a lump sum benefit paid from a money purchase arrangement to a charity (as now defined in paragraph 1 Schedule 6 FA 2010, previously in section 506 Income and Corporation Taxes Act 1988) following the death of a scheme member (or a dependant of such a member) which meets the conditions of paragraph 18, Schedule 29 to the Finance Act 2004. Such a lump sum cannot be paid where there is still a surviving dependant of the member.
Stands for the Consumer Prices Index, which is the general index of consumer prices published by the Statistics Board. Where that index is not published for a relevant month any substitute index or index figures published by the Statistics Board may be used. (See section 279 Finance Act 2004.)
An individual who has rights under a pension scheme and who is neither an active member, nor a pensioner member.
Benefits provided under a pension scheme that are calculated by reference to earnings or service of the member or any other factor other than by reference to an amount available under the scheme for the provision of benefits to or in respect of that member (so which are not money purchase benefits).
Before 6 April 2011 was a lump sum benefit paid from a defined benefits arrangement following the death of the scheme member before the age of 75 (and within two years of that date of death), and as defined in paragraph 13, Schedule 29 to the Finance Act 2004.From 6 April 2011 is a lump sum benefit paid from a defined benefits arrangement following the death of the scheme member within two years of the date that the scheme administrator knew of the death (or could reasonable be expected to have known of it if earlier) as defined in paragraph 13, Schedule 29 to the Finance Act 2004. However, if the member was 75 or older at the time of death the two year limit does not apply.
A person who was married to, or a civil partner of, the member at the date of the member’s death is a dependant of the member.Additionally, if the rules of the pension scheme so provide, the above test can be extended to apply not only at the date of the member’s death, but to extend to the point in time when the member first became actually entitled to a pension under the pension scheme.A child of the member is a dependant of the member if the child has
not reached the age of 23, has reached age 23 and, in the opinion of the scheme administrator, was at the date of the member’s death dependent on the member because of physical or mental impairment, or is covered by any of the transitional provisions described in RPSM10104042.
A person who was not married to the member or was not in a civil partnership with the member at the date of the member’s death and is not a child of the member is a dependant of the member if, in the opinion of the scheme administrator, at the date of the member’s death the person was: financially dependant on the member, the person’s financial relationship with the member was one of mutual dependence, or the person was dependant on the member because of physical or mental impairment.
Further information on the concepts used in this definition can be found on page RPSM10104040. Dependants' alternatively secured pension
Before 6 April 2011 payment of income withdrawals direct from a money purchase arrangement to a dependant of a scheme member who was aged 75 or over, that met the conditions laid down in paragraphs 26 and 27 of Schedule 28 to the Finance Act 2004.
Dependants' alternatively secured pension fund
Before 6 April 2011 funds (whether sums or assets) that were held under a money purchase arrangement that had been 'designated' after the death of a scheme member to provide a particular dependant of that member (aged 75 or over) with a dependants' alternatively secured pension, as identified in paragraph 25 of Schedule 28 to the Finance Act 2004. Once sums or assets had been 'designated' as part of a 'dependants' alternatively secured pension fund', any capital growth or income generated from such sums or assets were equally treated as being part of the 'dependants' alternatively secured pension fund'. Similarly, where assets were purchased at a later date from such funds, or 'sums' generated by the sale of assets held in such funds, those replacement assets or sums also fell as part of the 'dependants' alternatively secured pension fund' (as did any future growth or income generated by those assets or sums).
An annuity paid by an insurance company to a dependant of a scheme member following the death of that member that meets the conditions laid down in paragraph 17, Schedule 28 to the Finance Act 2004.
Dependants’ capped drawdown pension
Before 6 April 2011 payments of income withdrawals direct from a money purchase arrangement, or income paid from a dependants' short-term annuity contract purchased from such an arrangement, to a dependant (aged under 75) of the scheme member who established the arrangement and that met the conditions laid down in paragraph 20 and 23 to 24 of Schedule 28 to the Finance Act 2004.
This means a scheme for the provision of benefits consisting of or including relevant benefits to or in respect of employees or former employees of an employer. However, neither a registered pension scheme nor a section 615(3) scheme is an employer-financed retirement benefits scheme.
Any of the following -Austria, Belgium, Bulgaria, Czech Republic, Cyprus, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, United Kingdom.
European Economic Area (EEA) investment portfolio manager
This means an institution which
is an EEA firm of the kind mentioned in paragraph 5(a), (b) or (c) of Schedule 3 to the Financial Services and Markets Act 2000 (certain credit and financial institutions), or
qualifies for authorisation under paragraph 12(1) or 12(2) of that Schedule, or
has permission under the Financial Services and Markets Act 2000 to manage portfolios of investments.
Former approved superannuation fund
Any fund which immediately before 6 April 1980 was an approved superannuation fund for the purposes of section 208 Income and Corporation Taxes Act 1970, that
has not been approved for the purposes of Chapter 1 Part 14 Income and Corporation Taxes Act 1988 since 5 April 1980, and
has not received any contributions since 5 April 1980.
A registered pension scheme that was originally approved by the Board before 6 April 2006 as a retirement benefits scheme by virtue of section 591(2)(h) Income and Corporation Taxes Act 1988, established by a pension provider or the trustees of an approved centralised scheme for non-associated employers to which the employer does not contribute and which provides benefits additional to those provided by a scheme to which the employer does contribute.
The Government Actuary's Department Tables on a single life basis.
Arrangements administered on a group basis under a personal pension scheme which are available to some or all of the employees of the same employer or some or all of the employees of employers which are in the same group of companies.For this purpose a ‘group’ is formed by a company and all of its ‘75% subsidiaries’. If any of those ‘75% subsidiaries’ have ‘75% subsidiaries’ the group includes them and their ‘75% subsidiaries’ and so on. ‘75% subsidiary’ is defined in section 838 of the Income and Corporation Taxes Act 1988.This is intended to be an objective test according to the facts. The key to the test is simply as to whether in operating the arrangements the personal pension provider has decided that administration on a group basis is appropriate.If there is in any doubt, the individual should be able to obtain confirmation from the personal pension provider that the arrangements involved are "arrangements administered on a group basis”.
Stands for guaranteed minimum pensions and has the same meaning as in the Pension Schemes Act 1993.
An arrangement where only one type of benefit will ultimately be provided, but the type of benefit that will be provided is not known in advance because it will depend on certain given circumstances at the point benefits are drawn.For example, a hybrid arrangement may provide the member with other money purchase benefits based on a pot derived from the contributions that have accrued over time, but subject to a defined benefit minimum or underpin. If the benefits provided by the money purchase pot at the point benefits are drawn fall below a certain defined level, for example 1/60ths of final remuneration for every year worked, that higher defined benefit will be provided. So the benefits will be either other money purchase benefits, or defined benefits.When benefits are drawn, if the benefits actually provided are other money purchase or cash balance benefits then the arrangement will become a money purchase arrangement. And if the benefits provided are defined benefits then the arrangement will become a defined benefits arrangement.
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a European Economic Area (EEA) firm of the kind mentioned in paragraph 5(d) of Schedule 3 to the Financial Services and Markets Act 2000 (certain direct insurance undertakings) which has permission under paragraph 15 of that Schedule (as a result of qualifying for authorisation under paragraph 12 of that Schedule) to effect or carry out contracts of long-term insurance.
A lump sum benefit paid to a member of a registered pension scheme (who is aged under 75) because they have used up their available lifetime allowance, and which meets the conditions of paragraph 11 of Schedule 29 to the Finance Act 2004.
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in the case of a money purchase arrangement other than a cash balance arrangement, such date as the individual or scheme administrator nominates, or
in the case of any other arrangement, such date as the scheme administrator nominates.
From 6 April 2011, a nominated date cannot be any earlier than the date on which the nomination is made.
Non-group life policy
A policy of insurance under which the only benefits which may become payable are benefits payable in consequence, or anticipation of:
the death of the individual or the death of one of a group of individuals which includes the individual (e.g. a policy which covers a number of individuals but only pays a benefit out on the first death or last survivor’ death) or
the deaths of more than one of a group of individuals (e.g. a policy which pays a benefit out on the death of each of the individuals)
where the group includes the individual, and
the other members of the group are connected with the individual in accordance with section 195A(8) FA 2004.
age 50 for the period before 6 April 2010
age 55 on or after 6 April 2010.
A money purchase arrangement other than a cash balance arrangement.
An arrangement is an other money purchase arrangement where the member will be provided with money purchase benefits, and the amount that will be available to provide those benefits is calculated purely by reference to payments made under the arrangement by or on behalf of the member. This means that in an other money purchase arrangement the capital amount available to provide benefits (the member’s “pot”) will derive wholly from actual contributions (or credits or transfers) made year on year.
The scheme administrator or trustees may use the payments made under the arrangement to make investments of any kind on behalf of the member (for example, cash on deposit, shares, other investment assets, a life assurance policy on the member’s death). As long as the pot ultimately used to provide benefits is wholly derived from the original payments, the arrangement is an other money purchase arrangement. The subsequent investment income and any capital gains are derived from payments made under the arrangement, and they themselves become part of the member’s pot.
It is a feature of other money purchase arrangements that the member bears all the investment and mortality risk. The scheme simply pays out whatever benefits the amount in the pot, including the proceeds of all the investments that have been made using the payments into the scheme, will support.
Overseas arrangement active membership period
This is the period beginning with the date on which the benefits first began to accrue to, or in respect of, the individual under the recognised overseas scheme arrangement or, if later, 6 April 2006 and ending immediately before the recognised overseas scheme transfer. If benefits ceased to accrue under the recognised overseas scheme arrangement before the transfer then it is this date on which the overseas arrangement active membership period is treated as ending.
A pension scheme is an overseas pension scheme if it is not a registered pension scheme but it is established in a country or territory outside the UK and satisfies the requirements in the Pension Schemes (Categories of Country and Requirements for Overseas Pension Schemes and Recognised Overseas Schemes) Regulations 2006 - SI 2006/206. Top of pageP
The pension sharing provisions in the Welfare Reform and Pensions Act 1999 (WRPA) introduced the ‘pension debit’ and ‘pension credit’. The ‘pension debit’ is the amount by which the value of the original member’s pension rights are reduced and the ‘pension credit’ the corresponding amount by which the ex-spouse’s or former civil partner's pension rights are increased.
The amounts as arrived in accordance with sections 230 to 237 of Finance Act 2004
Before 6 April 2011 - this meant
the period beginning with the relevant commencement date and ending with the earlier of a nominated date and the anniversary of the relevant commencement date, and
each subsequent period beginning immediately after the end of a period which is a pension input period (under either this or the earlier paragraph) and ending with the appropriate date.
From 6 April 2011 - this means
the period beginning with the relevant commencement date and ending with a nominated date falling before the anniversary of the relevant commencement date, or
if there is no such nominated date, the first 5 April after the relevant commencement date, and
each subsequent period beginning immediately after the end of a period which is a pension input period (under either this or the previous paragraph) and ending with the appropriate date.
Before 6 April 2011 a lump sum benefit paid following the death of a scheme member of a registered pension scheme, who died before age 75 and was in receipt of a scheme pension under a defined benefits arrangement and which does not exceed the limits imposed through paragraph 14 of Schedule 29 to the Finance Act 2004.From 6 April 2011 a lump sum benefit paid following the death of a scheme member of a registered pension scheme, who was in receipt of a scheme pension under a defined benefits arrangement and which does not exceed the limits imposed through paragraph 14 of Schedule 29 to the Finance Act 2004.
Before 6 April 2011 the period the maximum unsecured pension and alternatively secured pension limits apply to (and the dependant equivalents). In the legislation these are referred to as 'unsecured pension years' and 'alternatively secured pension years'. These periods run in consecutive 12-month periods from the point initial entitlement to such pensions actually arise under a money purchase arrangement. These periods are set at the point that initial entitlement arises, and cannot be changed from that point onwards (although the pension year the member or dependant dies or reaches age 75 will be deemed to end immediately before such an occurrence - these truncated 12-month periods are treated as a whole 12-month period for limit purposes).From 6 April 2011 the period the maximum capped drawdown pension and dependants’ capped drawdown pension limits apply to. In the legislation these are referred to as 'drawdown pension years' or ‘dependants’ drawdown pension years'. These periods run in consecutive 12-month periods from the point initial entitlement to such pensions actually arise under a money purchase arrangement. These periods are set at the point that initial entitlement arises, and cannot be changed from that point onwards until you reach your 75th birthday. After you have reached age 75 you can ask you scheme administrator to make a one-off change to an arrangement’s pension year.
A member of a pension scheme who is entitled to the payment of benefits from the scheme and who is not an active member.
A pension scheme previously approved by the Board of Inland Revenue under section 631 Income and Corporation Taxes Act 1988.
Prescribed occupation
Any of the following occupations -Athlete, Badminton Player, Boxer, Cricketer, Cyclist, Dancer, Diver (Saturation, Deep Sea and Free Swimming), Footballer, Golfer, Ice Hockey Player, Jockey - Flat Racing, Jockey - National Hunt, Member of the Reserve Forces, Model, Motor Cycle Rider (Motocross or Road Racing), Motor Racing Driver, Rugby League player, Rugby Union Player, Skier (Downhill), Snooker or Billiards Player, Speedway Rider, Squash Player, Table Tennis Player, Tennis Player (including Real Tennis), Trapeze Artiste, Wrestler.
Prescribed scheme
Any of the following schemes:-The Armed Forces Pension Scheme, The British Transport Police Force Superannuation Fund, The Firefighters’ Pension Scheme, The Firemen’s Pension Scheme (Northern Ireland), The Police Pension Scheme, The Police Service of Northern Ireland Pension Scheme, The Police Service of Northern Ireland Full Time Reserve Pension Scheme.
Property investment LLP
A Limited Liability Partnership whose business consists wholly or mainly in the making of investments in land and the principal part of whose income is derived from that business.
As defined in regulation 3 of the Personal and Occupational Pension Schemes (Protected Rights) Regulations 1996. Before 6t h April 2009 this also included safeguarded rights, wherever appropriate.
established by or under any enactment,
approved by a relevant governmental or Parliamentary person or body, or
specified as being a public service pension scheme by a Treasury order.
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Recognised European Economic Area (EEA) collective investment scheme
This means a collective investment scheme (within the meaning given by section 235 of the Financial Services and Markets Act 2000) which is recognised by virtue of section 264 of that Act (schemes constituted in other EEA states).
A recognised overseas pension scheme is an overseas pension scheme which is established in a country or territory mentioned in regulation 3(2) of the Pension Schemes (Categories of Country and Requirements for Recognised Overseas Schemes) Regulations 2006 - SI 2006/206. An overseas pension scheme which is not established in such a country is a recognised overseas pension scheme if it satisfies the requirements prescribed in regulation 3(4) of those regulations. Recognised transfer
A transfer representing a member's accrued rights under a registered pension scheme to another registered pension scheme (or, in certain circumstances, to an insurance company) or a qualifying recognised overseas pension scheme.
A lump sum benefit paid to a member of a registered pension scheme because they have contributed more to the scheme than they are entitled to tax relief on, and which meets the conditions of paragraph 6, Schedule 29 to the Finance Act 2004.
A pension scheme is a registered pension scheme at any time when, either through having applied for registration and been registered by the Inland Revenue, or through acquiring registered status by virtue of being an approved pension scheme on 5 April 2006, it is registered under Chapter 2 of Part 4 of the Finance Act 2004.
Relevant administrator
For a retirement benefits scheme, former approved superannuation fund or relevant statutory scheme as defined in section 611A Income and Corporation Taxes Act 1988 (ICTA), or a pension scheme treated by HMRC as a relevant statutory scheme, this is the person(s) who is/are the administrator of the pension scheme under section 611A of ICTA.For a deferred annuity contract where the benefits are provided under one of the types of scheme above, or a retirement annuity, this is the trustee(s) of the pension scheme, or the insurance company which is a party to the contract in which the pension scheme is comprised.For a Parliamentary pension scheme or fund, this is the trustees of the scheme or fund.For a personal pension scheme, this is the person who is referred to in section 638(1) of the Income and Corporation Taxes Act 1988).
For the purposes of Part 4 of the Finance Act 2004 (pension schemes etc) a “relevant annuity” is a single life annuity without a guaranteed term. Relevant commencement date
This meansa) in the case of a cash balance arrangement or a defined benefits arrangement or a hybrid arrangement, the only benefits under which may be cash balance benefits or defined benefits, the date on which rights under the arrangement begin to accrue to or in respect of the individual, orb) in the case of a money purchase arrangement other than a cash balance arrangement, the first date on which a contribution within section 233(1) of Finance Act 2004 is made, orc) in the case of a hybrid arrangement not within paragraph (a), whichever is the earlier of the date mentioned in that paragraph and the date mentioned in paragraph (b).
Relevant consolidated contribution
A contribution made by way of discharge of any liability incurred by the employer before 6 April 2006 to pay any pension or lump sum to or in respect of the individual.
An individual who either does not qualify for UK relief on contributions paid to a registered pension scheme because they are not a “relevant UK individual” as defined in section 178 Finance Act 2004, or an individual who is not employed by a UK resident employer and only qualifies for UK relief on pension contributions because they were resident in the UK both during 5 years immediately before the tax year under consideration and when they became a member of the registered pension scheme.
An individual is a relevant UK individual for a tax year if
the individual was resident in the UK both at some time during the five tax years immediately before that year and when the individual became a member of the pension scheme, or
the individual, or the individual's spouse, has for the tax year general earnings from overseas Crown employment subject to UK tax.
A contribution paid to a registered pension scheme by or on behalf of a member of that scheme, unless one or more of the following exceptions applies. A payment is not a relievable contribution if
the member was aged 75 or over when the contribution was made, or
the contribution is paid by the member’s employer, or
the payment is an age related rebate or a minimum contribution paid by HMRC to a contracted-out pension scheme under section 42A(3) or section 43 of the Pension Schemes Act 1993 or the corresponding Northern Ireland legislation or
it is a life assurance premium contribution in accordance with section 195A Finance Act 2004.
Remaining unused funds
Any uncrystallised funds held in a money purchase arrangement when the member reaches age 75. What constitutes remaining unused funds depends on whether or not the arrangement is a cash balance arrangement. For an arrangement that is not a cash balance arrangement, remaining unused funds are the amount of sums and assets held for the purposes of the arrangement which have not been designated by the member as available for the payment of drawdown pension and which have not been used to provide a scheme pension or a dependants’ scheme pension. For a cash balance arrangement, the level of the uncrystallised funds actually in the arrangement at age 75 will not necessarily reflect the true value of the undrawn rights the member is entitled to under the arrangement at that time. So, the legislation provides that the value of the remaining unused funds is taken as being the amount that would be made available to provide the member with benefits at that time if the member became entitled to benefits under the arrangement on reaching age 75. So it is not the funds actually held in the cash balance arrangement at that time, but what funds would be there if the member decided to draw benefits on that date (ignoring any potential reduction that may be applied by the scheme, based on the member’s age).
A retirement annuity contract or trust scheme previously approved by the Board under Chapter 3 of Part 14 of Income and Corporation Taxes Act 1988.
A retirement benefit scheme is any of the following
a scheme which was approved under Chapter 1 of Part 14 of Income and Corporation Taxes Act (ICTA) 1988;
a relevant statutory scheme (as defined in s611A ICTA 1988);
a scheme treated as a relevant statutory scheme; or
an old code scheme approved under s208 ICTA 1970 that has not received contributions since 5 April 1980.
Stands for the Retail Prices Index, which is the general index of retail prices (for all items) published by the Statistics Board. Where that index is not published for a relevant month any substitute index or index figures published by the Statistics Board may be used. (See section 989 Income Tax Act 2007.)
by a registered pension scheme that is an occupational pension scheme,
to or in respect of a sponsoring employer or a former sponsoring employer
for the purposes of administration or management of the scheme.
Scheme chargeable payments are
any unauthorised payment by the pension scheme other than a payment that is exempted by section 241(2) Finance Act 2004 from being a scheme chargeable payment (see list below), and
a payment that the pension scheme is treated as having made and classed as a scheme chargeable payment by section 181A Finance Act 2004 because of not meeting the minimum level of payment of alternatively secured pension, section 183 or 185 Finance Act 2004 because of unauthorised borrowing, or
section 185A or 185F Finance Act 2004 because of income or gains from taxable property.
The following unauthorised payments are not scheme chargeable payments.
The payment is treated as having been made by section 173 Finance Act 2004 and the asset used to provide the benefit is not a wasting asset as defined in section 44 Taxation of Capital Gains Act 1992.
The payment is a compensation payment as defined by section 178 Finance Act 2004.
The payment is made on the grounds that a court or any such person or body is likely to order (or would be were it asked to do so) the making of the payment.
The payment is of a description prescribed by regulations made by HMRC.
A pension entitlement provided to a member of a registered pension scheme, the entitlement to which is an absolute entitlement to a lifetime pension under the scheme that cannot be reduced year on year (except in narrowly defined circumstances) and meets the conditions laid down in paragraph 2 of Schedule 28 to Finance Act 2004.
Rights derived through section 9(2B) of the Pension Schemes Act 1993.
Either a lifetime annuity or scheme pension.
A lump sum benefit paid to a member of an occupational pension scheme because they have stopped accruing benefits under the scheme and have less than two years of pensionable service under the scheme, and which meets the conditions of paragraph 5, Schedule 29 to the Finance Act 2004.
The expression “small lump sum”, when used as a defined term in this manual, refers to a specific type of authorised payment made after 30t h November 2009 under part 2 of the Registered Pension Schemes (Authorised Payments) Regulations 2009. Typically “small lump sums” will be payments of less than £2,000 derived either from member’s uncrystallised benefit rights, or from member’s/ dependant’s crystallised pension rights. “Small lump sum” payments were developed to help solve a problem popularly known as having a “stranded pot”, where the sum in question is too small to arrange a pension with. In order to qualify as a “small lump sum” the payment must meet certain conditions laid down in the regulations (see RPSM09105400). Special annual allowance charge
A charge in respect of the amount by which the total adjusted pension input amount for a tax year in the case of an individual who is a member of one or more registered pension schemes exceeds the amount of their special annual allowance for the tax year.For 2009-2010 the charge is at the rate of 20%. For 2010-2011 the charge is at the ‘appropriate rate’. The special annual allowance applies only in respect of individuals with ‘relevant income’ (see RPSM15101020) of £130,000 or more.
A lump sum benefit paid as a single BCE to a member (aged under 75) of a registered pension scheme that represents all the member’s uncrystallised rights under the scheme. The lump sum must meet the conditions of Articles 25 - 25D of The Taxation of Pension Schemes (Transitional Provisions) Order 2006 - SI 2006/572 - as amended by The Taxation on Pension Schemes (Transitional Provisions)(Amendment No.2) Order 2006 - SI 2006/2004.
For 2012-13 and subsequent years the standard lifetime allowance is £1,500,000 unless changed by an order made by the Treasury, in which case the revised standard lifetime allowance will not be less than the amount for the immediately preceding tax year.
Before 6 April 2011 a lump sum benefit paid to a member of a registered pension scheme (aged under 75) because their pension entitlements (under both that scheme and other such schemes) are deemed trivial, and which met the conditions of paragraphs 7 to 9 of Schedule 29 to the Finance Act 2004.From 6 April 2011 a lump sum benefit paid to a member of a registered pension scheme because their pension entitlements (under both that scheme and other such schemes) are deemed trivial, and which meets the conditions of paragraphs 7 to 9 of Schedule 29 to the Finance Act 2004.
Before 6 April 2011 a lump sum benefit paid to a dependant of a scheme member of a registered pension scheme (who died before age 75) because that dependant's entitlement under that scheme is deemed trivial, and which met the conditions of paragraph 20 of Schedule 29 to the Finance Act 2004.From 6 April 2011 a lump sum benefit paid to a dependant of a scheme member of a registered pension scheme because that dependant's entitlement under that scheme is deemed trivial, and which meets the conditions of paragraph 20 of Schedule 29 to the Finance Act 2004.
a payment by a registered pension scheme that is an occupational pension scheme to or in respect of a sponsoring employer or a former sponsoring employer which is not an authorised employer payment, or
anything which is treated as being an unauthorised payment to a sponsoring employer or former sponsoring employer under Part 4 of Finance Act 2004.
Unsecured pension fund lump sum death benefit
Before 6 April 2011 a lump sum benefit paid from a money purchase arrangement following the death of the scheme member before the age of 75 from any unsecured pension fund the member held in that arrangement at the point of death, and as defined in paragraph 17, Schedule 29 to the Finance Act 2004.
Before 6 April 2011 a member of a registered pension scheme who could not be traced prior to their 75t h birthday.
if the person has not reached such age (if any) as must have been reached to avoid any reduction in the benefits on account of age, that the person reached that age on the date, and
that the person’s right to receive the benefits had not been occasioned by physical or mental impairment.