(This archived guidance relates to HMRC discretionary
practice before the 6th April 2006. For current guidance on
Registered Pension Schemes see the Registered Pension Schemes
Manual)
Not all “relevant benefits” are approvable. Some
do not satisfy the prescribed conditions in section 590 ICTA 1988.
With others we would not wish to exercise discretion under section
591. An example is a lump sum death benefit in a sick-pay scheme.
The following paragraphs outline our general approach.
