From 6 April 2015, 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 in respect of a deceased member who had reached the age of 75 when he died. Until 6 April 2015, the charge was set at 55%. (Section 206, Finance Act 2004.)
Competition, IP&IT, PLC Arbitration, PLC Cross-border, PLC EU, PLC Glossary, PLC UK Commercial, PLC UK Competition Law, PLC UK Construction, PLC UK Corporate, PLC UK Dispute Resolution, PLC UK Employment, PLC UK Environment, PLC UK Finance, PLC UK Pensions, PLC UK Private Client, PLC UK Property, PLC UK Public Sector, PLC UK Restructuring and Insolvency, PLC UK Share Schemes & Incentives, PLC UK Tax
This resource is maintained, meaning that we monitor developments on a regular basis and update it as soon as possible.