RPSM04101080 - Technical Pages: Taxation: Authorised member payments: Taxable lump sums

Authorised lump sums that are taxable

The following lump sums are taxable

• a short service refund lump sum, see RPSM04101090,
• a pension protection lump sum death benefit, see RPSM04101110,
• an annuity protection lump sum death benefit, see RPSM04101110,
• a drawdown pension fund lump sum death benefit, see RPSM04101110,
• a lifetime allowance excess lump sum, see RPSM09105230,
• a trivial commutation lump sum, see RPSM04101130,
• a winding up lump sum, see RPSM04101130,
• a payment of commuted equivalent pension benefits, see RPSM04101130,
• a trivial commutation lump sum death benefit, see RPSM04101140,
• a winding up lump sum death benefit, see RPSM04101140,
• a defined benefits lump sum death benefit paid in respect of a member who was aged 75 or over when they died, see RPSM04101110,
• an uncrystallised funds lump sum death benefit paid in respect of a member who was aged 75 or over when they died, see RPSM04101110, and
• a serious ill-health lump sum paid to a member aged 75 or over, see RPSM04101125.