Special lump-sum death benefits charge

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 (www.practicallaw.com/5-201-6474), 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.)

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