# Finance Act 2004, Section 168: Lump sum death benefit rule

Extent: E+W+S+N.I.

(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”).
Lump sum death benefit rule
No lump sum death benefit may be paid other than—
(a) a defined benefits lump sum death benefit,
(b) a pension protection lump sum death benefit,
(c) an uncrystallised funds lump sum death benefit,
(d) an annuity protection lump sum death benefit,
(e) a drawdown pension fund lump sum death benefit,
(ea) a flexi-access drawdown fund lump sum death benefit,
(f) a charity lump sum death benefit , or
(g) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(h) a trivial commutation lump sum death benefit, ...
(i) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(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.
(3) Part 2 of Schedule 29 gives the meaning of expressions used in the lump sum death benefit rule.
(4) Schedule 36 contains (in Part 3) transitional provision about lump sum death benefits.

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Source: https://www.legislation.gov.uk/ukpga/2004/12/section/168 (the official version)
Page: https://openlegislation.uk/finance-act-2004/section-168
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.