SCHEDULES
SCHEDULE 2Death of pension scheme member
Part 1Death benefits: nominees and successors
Nomination of charities by nominees and successors of deceased scheme members
15
1
Paragraph 18 of Schedule 29 (charity lump sum death benefit) is amended as follows.
2
After sub-paragraph (2) insert—
2A
A lump sum death benefit is also a charity lump sum death benefit if—
a
it is paid on the death of an individual who is—
i
a nominee of the member, or
ii
a successor of the member,
b
there are no dependants of the member,
c
it is paid in respect of the individual's nominee's flexi-access drawdown fund or successor's flexi-access drawdown fund at the date of the individual's death in respect of an arrangement relating to the individual in the capacity of a nominee or successor of the member, and
d
it is paid to a charity nominated by the member or, if the member made no nomination, by the individual.
3
In sub-paragraph (3) (cases where lump sum exceeds the permitted maximum) for “or (2)” substitute “
, (2) or (2A)
”
.
4
In sub-paragraph (4) (meaning of “permitted maximum”) after “arrangement” insert “
, or the nominee's or successor's flexi-access drawdown fund in respect of the arrangement,
”
.