Special lump-sum death benefits charge | Practical Law

Special lump-sum death benefits charge | Practical Law

Special lump-sum death benefits charge

Special lump-sum death benefits charge

Practical Law UK Glossary 0-507-1271 (Approx. 3 pages)

Glossary

Special lump-sum death benefits charge

A 45% tax charge that applies in certain circumstances where lump-sum death benefits are paid by a registered pension scheme, including if the benefits are paid to a trust in respect of a deceased member who had reached the age of 75 when he died. (Section 206, Finance Act 2004.)