RPSM09104190 - Technical Pages: Member benefits: Lump sums: Pension commencement lump sum: Overview: Reporting requirements

If the lump sum was paid on or after 6 April 2011 you should first read RPSM09104195 

Reporting payment of a pension commencement lump sum to HMRC

[s251(1)(a) and (4)(a)][Reg 3, ‘reportable events 7 and 8’, The Registered Pension Schemes (Provision of Information) Regulations 2006 - SI 2006/567]

There are two circumstances where the scheme administrator must report the payment of a pension commencement lump sum to HMRC. Both these circumstances relate to the protection of rights accrued before 6 April 2006. The circumstances are described at RPSM12301090and RPSM12301100.

A scheme administrator failing to make the required report will become liable to penalties - see RPSM12100020.