{
  "url": "https://openlegislation.uk/pension-benefits-insurance-company-liable-as-scheme-administrator-regulations-2006/note",
  "json_url": "https://openlegislation.uk/pension-benefits-insurance-company-liable-as-scheme-administrator-regulations-2006/note.json",
  "legislation": "uksi/2006/136",
  "legislation_title": "The Pension Benefits (Insurance Company Liable as Scheme Administrator) Regulations 2006",
  "legislation_url": "https://openlegislation.uk/pension-benefits-insurance-company-liable-as-scheme-administrator-regulations-2006",
  "path": "note",
  "kind": "note",
  "number": null,
  "heading": "Explanatory note",
  "text": "(This note is not part of the Regulations)\nThese Regulations impose obligations on insurance companies which make payments of lump sum death benefits falling within section 273A(1) of the Finance Act 2004 (which was inserted by paragraph 49(1) of Schedule 10 to the Finance Act 2005).\nRegulation 1 provides for the citation and commencement of the Regulations.\nRegulation 2 provides that an insurance company which makes a payment of a lump sum death benefit falling within section 273A(1) is to be treated as the scheme administrator for the purposes of the special lump sum death benefit charge to income tax under section 206 of the 2004 Act. It further provides that the insurance company is liable to account for that charge under section 254(1) to (7) of that Act, and liable to penalties for failing to make a return or fraudulently or negligently making an incorrect return.\nA regulatory impact assessment in respect of the provisions of Part 4 of the Finance Act 2004 and subordinate legislation under it was published by the Board of Inland Revenue on 8 April 2004, and is available on HM Revenue & Customs website at www.hmrc.gov.uk/ria/simplifying-pensions.pdf or (for hard copies) by writing to the Ministerial Correspondence Unit, 1st Floor, Ferrers House, PO Box 38, Castle Meadow Road, Nottingham, NG 2 1BB.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2006/136/note",
    "retrieved_at": "2026-10-29T04:39:08.916372+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "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."
}