Regulation 10B Death: provision of information by trustee to beneficiaryF1

(1)

Where—

(a)

a trustee who is not a bare trustee makes a payment out of a sum on whose payment tax has been charged under section 206, and

(b)

the payment is made out of a settlement to a beneficiary who is an individual,

the trustee shall provide to the beneficiary the information specified in paragraph (2).

(2)

The information required is—

(a)

the total of—

(i)

the sum paid to the beneficiary, and

(ii)

the amount of tax that has been charged in respect of that sum under section 206,

(b)

the amount of tax that has been charged under section 206 in respect of the sum paid to the beneficiary,

(c)

the name and pension scheme tax reference number of the registered pension scheme which paid the lump sum death benefit, and

(d)

the name, date of birth and date of death of the member of the registered pension scheme in respect of whom the lump sum death benefit was paid.

(3)

The trustee shall provide the information specified in paragraph (2) to the beneficiary before the latest of the following—

(a)

the end of 30 days beginning with the date of the payment to the beneficiary,

(b)

the end of 30 days beginning with the date of the receipt by the trustee of the information required to be provided by the scheme administrator under regulation 10A, and

(c)

the end of 8th March 2017.

(4)

In paragraph (1) “bare trustee” has the meaning given by section 206(10).

Annotations

Textual amendments

F1: Regs. 10A, 10B inserted (with effect in accordance with reg. 1(2) of the amending S.I.) by The Registered Pension Schemes (Provision of Information) (Amendment) Regulations 2017 (S.I. 2017/11), regs. 1(1), 3