RPSM12301040 - Scheme Administrator Pages: Information requirements and administration: Information the scheme administrator is required to provide to HMRC: The Event Report: Event number 2 - Payments exceeding 50% of standard lifetime allowance

Event number 2 - Payments exceeding 50% of standard lifetime allowance

[Reg. 3 The Registered Pension Schemes (Provision of Information) Regulations 2006 - SI 2006/567] 

Reportable event

Reportable event 2 occurs when

• the scheme makes a lump sum death benefit payment to a person in respect of the death of a member, and
• that payment, either alone or when aggregated with other such payments from that scheme, amounts to more than 50% of the standard lifetime allowance applicable at the date of the member’s death.

Any lump sum payable because of the death of a member is reportable, not just those lump sums that are a BCE 7 (see RPSM11104800).

Information required

The information that must be provided on the event report for reportable event 2 is

• the name of the deceased member
• their National Insurance number
• the name of the person to whom the payment was made
• that person's National Insurance number
• the amount of the payment (that’s the gross amount before deduction of any tax) and
• the date of payment.

See RPSM12301295 for what to do if the scheme administrator is not given the individuals’ National Insurance numbers.

What the event report looks like on Pension Schemes Online

Event report summary page

Having brought the event report summary page up, click on ‘Go to reportable fund movements’ on the right hand side of the screen. This brings up the following screen.

Event report page for reportable fund movements