PSI17.2.23 - Tax Treatment of Approved Schemes and Payments by Approved Schemes: Taxation of Payments to Scheme Members - Triviality Commutation - Calculation of Tax

(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 pension is commuted because of triviality the Tax District may accept without reference to us any section 599 ICTA 1988 tax offered. This work saving measure is permitted because of the very small amounts of tax at stake (IM 8141).

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