(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)
[PN21.14(d)(iii)]
A centralised scheme for non-associated employers may also
provide death in service benefits, in which case the normal
conditions in Part 11 apply. Where the lump sum death in service
benefit payable under the centralised scheme cannot exceed twice
the final remuneration and the benefits under the other scheme(s)
of the employer are limited to lump sum death in service benefits
only, we will need to be satisfied that the aggregate benefit
cannot exceed the limits set out in
PSI11.2.1. Provided we are so
satisfied, we do not require the other schemes of the employer to
be paid-up. This view differs from our attitude to concurrent
schemes and the provision of retirement benefits (see
PSI21.3.7(d)).
