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HMRC internal manual

Capital Gains Manual

Retirement benefits schemes: sickness, death and retirement benefits

For the purpose of relief under TCGA92/S237 the term `any allowance, annuity or capital sum payable out of any superannuation fund’ should be taken as including

  • sickness, death and retirement benefits, from trade union funds where these are contractual;
  • payments from friendly societies where there is no policy of assurance; and
  • payments under death benefit schemes which take the form of term life assurance up to the date of retirement.