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HMRC internal manual

Pensions Tax Manual

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Information and administration: information the scheme administrator must automatically provide following the member’s death

Glossary PTM000001
   

 

Regulation 8 The Registered Pension Schemes (Provision of Information) Regulations 2006 - SI 2006/567

 

Following a member’s death a scheme administrator must provide certain information to the member’s personal representatives.

Information that the scheme administrator must automatically provide about lump sum death benefits
Information that the scheme administrator must automatically provide about BCE 5C or BCE 5D

Information that the scheme administrator must automatically provide about lump sum death benefits

If a pension scheme pays a

  • a defined benefits lump sum death benefit, or
  • an uncrystallised funds lump sum death benefit

following the member’s death the scheme administrator must provide information about the lump sum payment. This information must be provided automatically to the deceased member’s personal representatives within three months of the final such payment being made.

The information that must be provide to the deceased member’s personal representative is:

  • the amount of the lump sum
  • the payment date, and
  • the percentage of the standard lifetime allowance used up by the payment of the lump sum

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Information that the scheme administrator must automatically provide about BCE 5C or BCE 5D

As explained in PTM088660 the designation of uncrystallised funds to provide a dependant’s or nominee’s flexi-access drawdown fund may be a BCE 5C, or a person becoming entitled to a dependants’ or nominees’ annuity from unused uncrystallised funds may be a BCE 5D.

Where the designation of funds to provide either a dependant’s or nominee’s flexi-access drawdown fund is a BCE 5C, or where a person becoming entitled to a purchased dependants’ or nominees’ annuity is a BCE 5D, the scheme administrator must provide information about the event to the deceased member’s personal representative within three months of the event.

The information that must be provided on the BCE 5C is:

  • the amount designated
  • the date of designation, and
  • the percentage of the standard lifetime allowance used up by the BCE 5C.

 

The information that must be provided on the BCE 5D is:

  • the amount or market value of assets applied to the purchase of the annuity
  • the date the person became entitled to the annuity, and
  • the percentage of the standard lifetime allowance used up by the BCE 5D.

 

Guidance on calculating the total percentage of standard lifetime allowance crystallised for the purposes of providing information under this provision is at PTM164400. Note that there are special rules for members who had fixed protection, fixed protection 2014, fixed protection 2016, individual protection 2014 or individual protection 2016.