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
I 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? |
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What should I do if a member's rights are transferred into another scheme? |
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What happens when a member takes their benefits? |
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What if the member has registered for primary or enhanced protection? |
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How 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? |
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How is the lump sum calculated? |
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What if the member's rights have not increased by more than indexation? |
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What if the member's lump sum is more than their available lifetime allowance? |
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Payment of a stand-alone lump sum with scheme specific lump sum protection. |
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What records must I keep? |
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Do I need to report the lump sum payment to HMRC? |
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What information do I need to give the member? |
