SCHEDULE 32Registered pension schemes: benefit crystallisation events—supplementary
Benefit crystallisation event 7: meaning of “relevant lump sum death benefit”
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For the purposes of benefit crystallisation event 7 a lump sum death benefit is a relevant lump sum death benefitF1, 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
if it is-
(a)
a defined benefits lump sum death benefit, or
(b)
an uncrystallised funds lump sum death benefitF2, 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.
F3In F4paragraphs (a)(ii) and (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.