England, Scotland, Wales
This practice note examines the various lump-sum benefits that registered pension schemes can provide as authorised payments. Among other areas, the note covers the rules relating to payment of pension commencement lump sums (including a checklist of qualifying criteria), trivial commutation lump sums, winding-up lump sums and serious-ill-health lump sums as well as the various forms of lump-sum death benefits payable after a member has died.
Jonathan Sharp, Baker & McKenzie LLP
The full text of this resource is available by logging in or by requesting a trial. If you have any questions, please contact us or your Practical Law Account Executive.
A free trial will give you:
Unlimited access to our online legal know-how services during the trial period
Full training and support
Four issues of Practical Law The Journal, the companion to Practical Law online
Weekly update e-mails on current legal developments in your practice area