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

Authorised lump sums that are taxable

[s205, 205A, 206 & 215] [s636B & 636C ITEPA 2003]

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.

  Glossary (RPSM20000000)