Regulation 16 Information provided by the FAS scheme manager to personal representativesI1

United Kingdom

(1)

The FAS scheme manager must notify to the personal representatives of a deceased qualifying member—

(a)

the F1amount of the member’s lump sum and death benefit allowance expended by, and the amount and the date of payment of, a payment in the form of a lump sum under regulation 18A in relation to the member; and

(b)

the total F2amount of the member’s lump sum allowance and lump sum and death benefit allowance expended in relation to the member, at the date of the notification, by—

(i)

F3relevant benefit crystallisation events in respect of the FAS; and

(ii)

F4relevant benefit crystallisation events prior to the transfer to the Secretary of State mentioned in regulation 2 of these Regulations except for a relevant benefit crystallisation event which relates to a liability or pension obligation which is not discharged under section 161 of the Pensions Act 2004 as modified by paragraph 3D of Schedule 1 to the FAS Regulations 2005,

but excluding from that F5amount any amount covered by paragraph (a).

(2)

The information required by paragraph (1)(a) must be provided no later than the last day of the period of three months beginning with the day on which the assistance payment is made.

(3)

The information required by paragraph (1)(b) must be provided no later than the last day of the period of two months beginning with the day on which a request for it is received from the member’s personal representatives.

Annotations

Textual amendments

F1: Words in reg. 16(1)(a) substituted (18.11.2024 for the tax year 2024-25 and subsequent tax years) by The Pensions (Abolition of Lifetime Allowance Charge etc) (No. 2) Regulations 2024 (S.I. 2024/1012), regs. 1(2)(3), 27(19)(a)
F2: Words in reg. 16(1)(b) substituted (18.11.2024 for the tax year 2024-25 and subsequent tax years) by The Pensions (Abolition of Lifetime Allowance Charge etc) (No. 2) Regulations 2024 (S.I. 2024/1012), regs. 1(2)(3), 27(19)(b)(i)
F3: Word in reg. 16(1)(b)(i) inserted (18.11.2024 for the tax year 2024-25 and subsequent tax years) by The Pensions (Abolition of Lifetime Allowance Charge etc) (No. 2) Regulations 2024 (S.I. 2024/1012), regs. 1(2)(3), 27(19)(b)(ii)
F4: Words in reg. 16(1)(b)(ii) substituted (18.11.2024 for the tax year 2024-25 and subsequent tax years) by The Pensions (Abolition of Lifetime Allowance Charge etc) (No. 2) Regulations 2024 (S.I. 2024/1012), regs. 1(2)(3), 27(19)(b)(iii)
F5: Word in reg. 16(1)(b) substituted (18.11.2024 for the tax year 2024-25 and subsequent tax years) by The Pensions (Abolition of Lifetime Allowance Charge etc) (No. 2) Regulations 2024 (S.I. 2024/1012), regs. 1(2)(3), 27(19)(b)(iv)

Commencement

I1: Reg. 16 in force at 1.5.2010, see reg. 1(1)

Notes on Part 3

Textual amendments

F1: Pt. 3 heading substituted (18.11.2024 for the tax year 2024-25 and subsequent tax years) by The Pensions (Abolition of Lifetime Allowance Charge etc) (No. 2) Regulations 2024 (S.I. 2024/1012), regs. 1(2)(3), 27(4)