PART 8Death benefits
CHAPTER 4Payment of lump sum death benefits
Pension protection lump sum death benefitI1125
1
A lump sum death benefit is treated for the purposes of the 2004 Act as a pension protection lump sum death benefit if and to the extent that—
a
the member has given written notice to the scheme manager that the lump sum death benefit is to be so treated; and
b
the lump sum death benefit meets all of the conditions required by the 2004 Act for it to be treated as a pension protection lump sum death benefit (see paragraph 14 of Part 2 (lump sum death benefit rule) of Schedule 29 to the 2004 Act65).
2
Tax may be deducted from the lump sum death benefit if the scheme manager is liable for tax under section 206 (special lump sum death benefits charge) of the 2004 Act66 in respect of a pension protection lump sum death benefit.