Paragraph 15

Paragraph 18 of Schedule 29 (charity lump sum death benefit) is amended as follows.

After sub-paragraph (2) insert—

“(2A)

A lump sum death benefit is also a charity lump sum death benefit if—

(a)

it is paid on the death of an individual who is—

(i)

a nominee of the member, or

(ii)

a successor of the member,

(b)

there are no dependants of the member,

(c)

it is paid in respect of the individual's nominee's flexi-access drawdown fund or successor's flexi-access drawdown fund at the date of the individual's death in respect of an arrangement relating to the individual in the capacity of a nominee or successor of the member, and

(d)

it is paid to a charity nominated by the member or, if the member made no nomination, by the individual.”

In sub-paragraph (3) (cases where lump sum exceeds the permitted maximum) for “or (2)” substitute “ , (2) or (2A) ”.

In sub-paragraph (4) (meaning of “permitted maximum”) after “arrangement” insert “ , or the nominee's or successor's flexi-access drawdown fund in respect of the arrangement, ”.