RPSM09104900 - Technical Pages: Member benefits: Lump sums: Trivial commutation lump sum: Contents
Trivial commutation lump sums: Contents
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Overview of commutation of trivial or small benefit rights |
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When benefits may be commuted on grounds of triviality |
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What pension rights are measured against the commutation limit |
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What benefits may be commuted on the grounds of triviality? |
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Level of trivial commutation lump sum that may be paid |
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The nominated date for valuing pension rights and the commutation period |
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The 12 month commutation period |
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Conditions that must be met in order for a trivial commutation lump sum to be paid |
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Valuing pension rights for trivial commutation purposes: relevant crystallised pension rights |
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Valuing relevant crystallised pension rights - crystallisation of benefits on or after 6 April 2006 |
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An example of valuing benefits that have been crystallised on or after 6 April 2006 |
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Valuing relevant crystallised pension rights that were in payment on 5 April 2006 for trivial commutation purposes |
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An example of valuing benefits that were in payment on 5 April 2006 |
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Valuing pension rights: uncrystallised rights |
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Process the scheme administrator must go through before paying out a trivial commutation lump sum |
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Payment of a trivial commutation lump sum: example 1 |
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Payment of a trivial commutation lump sum: example 2 |
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Contributions or accrual after the nominated date |
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Taxation of a trivial commutation lump sum |
