SCHEDULES

C2C1SCHEDULE 32Registered pension schemes: benefit crystallisation events—supplementary

Annotations:
Modifications etc. (not altering text)

Benefit crystallisation event 7: meaning of “relevant lump sum death benefit”

I1C2C116

For the purposes of benefit crystallisation event 7 a lump sum death benefit is a relevant lump sum death benefit F3, other than one-

i

paid by a registered pension scheme in respect of a member of the scheme who had not reached the age of 75 at the date of the member's death, but

ii

not paid before the end of the relevant two-year period

if it is-

C3a

a defined benefits lump sum death benefit, or

b

an uncrystallised funds lump sum death benefitF1, other than one—

i

paid by a registered pension scheme in respect of a member of the scheme who had not reached the age of 75 at the date of the member's death, but

ii

not paid before the end of the relevant two-year period.

F2In F4paragraphs (a)(ii) and (b)(ii) “the relevant two-year period”, in relation to a member of a registered pension scheme, means the period of two years beginning with the earlier of the day on which the scheme administrator of the scheme first knew of the member's death and the day on which the scheme administrator could first reasonably have been expected to have known of it.