PSI12.2.15 - Benefits on Death after Retirement: Lump Sum Benefits and Pension Guarantees - Guarantee payments - Pension Guarantees

(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)

[PN12.9]

Most schemes guarantee that the member’s pension will continue for a specified period even if he or she should die before that period ends. Our practice permits such guarantees to extend for up to 10 years after retirement, but they are not usually longer than 5 years.

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