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

A reportable event will arise 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.

Information required

The information to be provided is

• the name of the deceased member
• their last known address
• their date of birth
• their National Insurance number (if known)
• the name of the person to whom the payment was made
• that person's address
• the amount of the payment and
• the date of payment.