TSEM5200 - Trusts for particular purposes: employment-related trusts: retirement benefits schemes - lump sum death benefit

If a scheme member dies in service, a lump sum benefit may become payable. The scheme rules may allow the trustees to put this benefit into trust for the relatives/dependants of the member. BT & C Trusts deal with these trusts. (TSEM1420).

Trustees should notify HMRC of the trusts using the Trusts Registration Service TSEM1402.