RPSM04101010 - Technical Pages: Taxation: Authorised member payments: What is an authorised member payment?

What is an authorised member payment?

Payments made by registered pension schemes will be authorised member payments for the purpose of Part 4 of Finance Act 2004 if the payment is made to a current or former member of the scheme and is:

• a pension that complies with the pension rules in s165 or the pension death benefit rules in s167 (current members only),
• a lump sum payment that complies with the lump sum rules in s166 or the lump sum death benefit rules in s168 (current members only),
• a recognised transfer that complies with s169 (current members only),
• a scheme administration member payment (see RPSM04101150 and RPSM09106000),
• a payment in accordance with a pension sharing order or provision, and
• any other payment prescribed by Regulations ( RPSM09100120)

Details of the pension rules and lump sum rule can be found in the Member benefits section – see RPSM09100140.

Details of the pension death benefit rules and the lump sum death benefit rule can be found in the Death benefits section – see RPSM10100000.

Details on the rules for recognised transfers can be found at RPSM14101000.