(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)
(This text has been withheld because of exemptions in the
Freedom of Information Act 2000)
[PN12.2]
An allocated pension comes from resources set aside to
provide benefits for the member. However, funds can be separately
built up specifically to provide widow(er)’s or
dependants’ benefits. See, however,
PSI20.1.47which restricts
the circumstances in which certain types of scheme are able to do
this. In cases where funding is permissible the scheme rules will
contain separate provisions relating to the amount and payment of
these “own right” pensions. As with pension benefits
payable on death in service, “own right” pensions
payable on death in retirement are
only payable to the member’s surviving
spouse or dependants (see
PSI11.3.2-3).
