RPSM03304000 - Scheme Administrator Pages: Protecting pension rights from tax charges: Benefit payments - tax-free lump sum over 25%: Contents

Benefit payments - tax-free lump sum in excess of 25% of the fund: Contents


RPSM03304010I am a scheme administrator of a scheme which currently provides lump sum benefits in excess of 25% of the fund. Are there any rules for protecting these benefits?
RPSM03304020What should I do if a member's rights are transferred into another scheme?
RPSM03304030What happens when a member takes their benefits?
RPSM03304040What if the member has registered for primary or enhanced protection?
RPSM03304050How is the amount of the tax-free lump sum calculated where the member does not have enhanced protection or primary protection with lump sum rights over £375,000 on 5 April 2006?
RPSM03304070How is the lump sum calculated where relevant benefit accrual occurs after 5 April 2006? ?
RPSM03304080What if the member's rights have not increased by more than indexation?
RPSM03304090What if the member's lump sum is more than their available lifetime allowance?
RPSM03304100Payment of a stand-alone lump sum with scheme specific lump sum protection.
RPSM03304110What records must I keep?
RPSM03304120Do I need to report the lump sum payment to HMRC?
RPSM03304130What information do I need to give the member?