Skip to content
Solved
SearchBrowse
Sign in

Contents

Legislation
Income Tax (Earnings and Pensions) Act 2003

Crossheading Tax treatment of authorised lump sum death benefits

  • Section 637H Defined benefits lump sum death benefits
  • Section 637I Pension protection lump sum death benefits
  • Section 637J Uncrystallised funds lump sum death benefits
  • Section 637K Annuity protection lump sum death benefits
  • Section 637L Drawdown pension fund lump sum death benefits
  • Section 637M Flexi-access drawdown lump sum death benefits
  • Section 637N Trivial commutation lump sum death benefits
  1. Tax treatment of authorised lump sum death benefits
  2. Trivial commutation lump sum death benefits

Section 637N | Trivial commutation lump sum death benefits

From legislation.gov.uk

A person to whom a trivial commutation lump sum death benefit is paid under a registered pension scheme is treated as having taxable pension income for the tax year in which the payment is made equal to the amount of the lump sum.F1

Notes

  1. F1

    Pt. 9 Ch. 15A substituted (for the tax year 2024-25 and subsequent tax years) by Finance Act 2024 (c. 3), Sch. 9 paras. 41, 124 (with Sch. 9 paras. 125-132A) (as amended by S.I. 2024/356, regs. 1, 4; and (18.11.2024 for the tax year 2024-25 and subsequent tax years) by S.I. 2024/1012, regs. 1(2)(3), 17)

PreviousNext
PrivacyTerms