{
  "url": "https://openlegislation.uk/finance-act-2004/section-168",
  "json_url": "https://openlegislation.uk/finance-act-2004/section-168.json",
  "legislation": "ukpga/2004/12",
  "legislation_title": "Finance Act 2004",
  "legislation_url": "https://openlegislation.uk/finance-act-2004",
  "path": "section/168",
  "kind": "section",
  "number": "168",
  "heading": "Lump sum death benefit rule",
  "text": "(1) This is the rule relating to the payment of lump sum death benefits by a registered pension scheme in respect of a member of the pension scheme (“the lump sum death benefit rule”).\nLump sum death benefit rule\nNo lump sum death benefit may be paid other than—\n(a) a defined benefits lump sum death benefit,\n(b) a pension protection lump sum death benefit,\n(c) an uncrystallised funds lump sum death benefit,\n(d) an annuity protection lump sum death benefit,\n(e) a drawdown pension fund lump sum death benefit,\n(ea) a flexi-access drawdown fund lump sum death benefit,\n(f) a charity lump sum death benefit , or\n(g) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\n(h) a trivial commutation lump sum death benefit, ...\n(i) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\n(2) In this Part “lump sum death benefit” means a lump sum payable on the death of the member , or a lump sum payable in respect of the member on the subsequent death of a dependant, nominee or successor of the member.\n(3) Part 2 of Schedule 29 gives the meaning of expressions used in the lump sum death benefit rule.\n(4) Schedule 36 contains (in Part 3) transitional provision about lump sum death benefits.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "S. 168(1)(e) substituted (with effect in accordance with Sch. 16 paras. 85, 103 of the amending Act) by Finance Act 2011 (c. 11), Sch. 16 para. 65"
    },
    {
      "type": "F",
      "label": "F2",
      "text": "S. 168(1)(ea) inserted (17.12.2014) by Taxation of Pensions Act 2014 (c. 30), Sch. 1 para. 7"
    },
    {
      "type": "F",
      "label": "F3",
      "text": "Word in s. 168(1)(f) inserted (for the tax year 2024-25 and subsequent tax years) by Finance Act 2024 (c. 3), Sch. 9 paras. 18(a), 124 (with Sch. 9 paras. 125-132A) (as amended by S.I. 2024/356, regs. 1, 4; and (18.11.2024 for the tax year 2024-25 and subsequent tax years) by S.I. 2024/1012, regs. 1(2)(3), 17)"
    },
    {
      "type": "F",
      "label": "F4",
      "text": "S. 168(1)(g) repealed (19.7.2007) (with effect in accordance with Sch. 19 para. 29(3) of the amending Act) by Finance Act 2007 (c. 11), Sch. 19 para. 5, Sch. 27 Pt. 3(1)"
    },
    {
      "type": "F",
      "label": "F5",
      "text": "S. 168(1)(i) and word omitted (for the tax year 2024-25 and subsequent tax years) by virtue of Finance Act 2024 (c. 3), Sch. 9 paras. 18(b), 124 (with Sch. 9 paras. 125-132A) (as amended by S.I. 2024/356, regs. 1, 4; and (18.11.2024 for the tax year 2024-25 and subsequent tax years) by S.I. 2024/1012, regs. 1(2)(3), 17)"
    },
    {
      "type": "F",
      "label": "F6",
      "text": "Words in s. 168(2) inserted (15.7.2015) by Finance (No. 2) Act 2015 (c. 33), s. 22(9)(13)"
    },
    {
      "type": "C",
      "label": "C1",
      "text": "S. 168 applied (with modifications) (6.4.2006) by The Pension Protection Fund (Tax) Regulations 2006 (S.I. 2006/575), regs. 1, 14"
    },
    {
      "type": "C",
      "label": "C2",
      "text": "S. 168(1) modified (6.4.2006) by The Taxation of Pension Schemes (Transitional Provisions) Order 2006 (S.I. 2006/572), arts. 1(1), 6, 8(1)(2)"
    },
    {
      "type": "I",
      "label": "I1",
      "text": "Ss. 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"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2004/12/section/168",
    "retrieved_at": "2026-10-28T17:08:09.921968+00:00",
    "licence": "OGL-UK-3.0",
    "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
    "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
  }
}