(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)
These individual policies should not permit the deferred
benefit to be commuted on the member’s subsequent serious
ill-health (see
PSI8.3.15-23) unless the Life
Office concerned has first made satisfactory arrangements for the
payment of any tax due under section 599, ICTA 1988. Refer any
correspondence or enquiries from Life Offices or Tax Districts
about these arrangements to Compliance Audit Section .
