PSI12.2.9 - Benefits on Death after Retirement: Lump Sum Benefits and Pension Guarantees - Guarantee payments - Refund of Member’s Contributions (Continued Rights Members Only)

(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)

Where the member made separately identifiable contributions for a widow(er)’s or dependant’s “own right” pension, that too may be guaranteed (see PSI12.1.14-16). A lump sum may therefore be paid equal to the excess of those contributions over the amount actually received by the beneficiaries.

Contact: | Date issued: | Next review: