PSI.Part11 - Benefits on Death in Service
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(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)
Contents
Section 1 - General
Section 2 - Lump Sum Benefits
Section 3 - Widow(er)s' And Dependants'
Pensions
Section 4 - Death In Service After Normal
Retirement Date
Section 1 – General
| PSI11.1.1 | Introduction |
| PSI11.1.2 | Types of benefit |
| PSI11.1.3 | Relevant benefits |
| PSI11.1.4-5 | Non-relevant benefits |
| PSI11.1.6 | Key-man insurance |
| PSI11.1.8-9 | Final remuneration |
| PSI11.1.10 | Permitted maximum |
| PSI11.1.11 | - reduction in salary following long-term illness |
| PSI11.1.12 | Continuation of cover following redundancy |
| PSI11.1.13 | Controlling directors – continuous service |
| PSI11.1.14 | Ex-gratia lump sum death in service benefits |
| PSI11.1.15 | Continued rights |
| PSI11.1.16 | Pension sharing on divorce – scheme rules |
| PSI11.1.17 | Death of member while receiving additional voluntary contribution income drawdown |
Section 2 - Lump Sum
Benefits
| PSI11.2.1 | Limit on lump sum |
| PSI11.2.2-3 | - retained benefits |
| PSI11.2.4 | Alternative limit |
| PSI11.2.5 | - scheme rules |
| PSI11.2.6 | - pension sharing on divorce |
| PSI11.2.15-17 | Refund of contributions |
| PSI11.2.22 | Disposal of death benefits |
| PSI11.2.23 | Nominated beneficiaries |
| PSI11.2.24 | Discretionary distribution |
| PSI11.2.25 | Disposal of death benefit within 2 years |
| PSI11.2.26 | Interest on delayed payment of lump sum death benefit |
| PSI11.2.27 | Employer's lien |
| PSI11.2.39-42 | Controlling directors |
| PSI11.2.43 | Scheme set up after death or benefits funded by large special contributions |
| PSI11.2.50 | Directors with a life appointment |
Section 3 - Widow(er)s' And
Dependants' Pensions
| PSI11.3.1 | General |
| PSI11.3.2 | Beneficiary |
| PSI11.3.3 | Meaning of dependant |
| PSI11.3.4 | Number of pensions which may be paid |
| PSI11.3.5 | Pensions for widows of polygamous marriages |
| PSI11.3.6 | Deferment of widow(er)s' benefit |
| PSI11.3.7-9 | Termination of pensions |
| PSI11.3.11 | Limit on benefit final remuneration |
| PSI11.3.12 | Limit on pension |
| PSI11.3.13 | Separate lump sum |
| PSI11.3.19-20 | Limit rule |
Section 4 - Death In Service After
Normal Retirement Date
| PSI11.4.1 | General |
| PSI11.4.2 | Pre-Finance Act 1989 regime |
| PSI11.4.3 | Death in retirement benefits already taken |
| PSI11.4.4 | - benefits not yet taken |
| PSI11.4.5 | Post-Finance Act 1989 regime |
| PSI11.4.6 | Employer's lien |
| PSI11.4.7 | Controlling directors |
