RPSM09104640 - Technical Pages: Member benefits: Lump sums: Serious ill health lump sum: Taxation

Taxation of a serious ill health lump sum

[Para 11, Sch 31][s636A, Chptr 15A, ITEPA03]

There is no charge to income tax on payment of a serious ill-health lump sum, either on the individual or the scheme administrator (unless the lifetime allowance is an issue - see RPSM09104630).

Glossary ( RPSM20000000)