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. HMRC Trusts Nottingham deals with these trusts. (TSEM1420).
Trustees should notify HMRC of the trusts using the Trusts Registration Service TSEM1402