Modifications etc. (not altering text)
C1Sch. 32 modified (6.4.2006) by The Pensions Schemes (Application of UK Provisions to Relevant Non-UK Schemes) Regulations 2006 (S.I. 2006/207), regs. 1(1), 16
C2Sch. 32 applied (6.4.2006) by The Pension Protection Fund (Tax) Regulations 2006 (S.I. 2006/575), regs. 1, 23(5)
16U.K.For the purposes of benefit crystallisation event 7 a lump sum death benefit is a relevant lump sum death benefit if it is—
(a)a defined benefits lump sum death benefit, or
(b)an uncrystallised funds lump sum death benefit[F1, other than one—
(i)paid by a registered pension scheme in respect of a member of the scheme who had not reached the age of 75 at the date of the member's death, but
(ii)not paid before the end of the relevant two-year period].
[F2In sub-paragraph (b)(ii) “the relevant two-year period”, in relation to a member of a registered pension scheme, means the period of two years beginning with the earlier of the day on which the scheme administrator of the scheme first knew of the member's death and the day on which the scheme administrator could first reasonably have been expected to have known of it.]
Textual Amendments
F1Words in Sch. 32 para. 16(b) inserted (17.12.2014) (with application in accordance with Sch. 2 para. 20 of the amending Act) by Taxation of Pensions Act 2014 (c. 30), Sch. 2 para. 19(2)(a)
F2Words in Sch. 32 para. 16 inserted (17.12.2014) (with application in accordance with Sch. 2 para. 20 of the amending Act) by Taxation of Pensions Act 2014 (c. 30), Sch. 2 para. 19(2)(b)
Commencement Information
I1Ss. 160-274, 281, Schs. 30-35 in force at 6.4.2006 but any power to make an order or regulations under those provisions may be exercised at any time after Royal Assent, see s. 284