Section 636C Trivial commutation and winding-up lump sum death benefits
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Amendments
Section 636C inserted by Finance Act 2004 section 204 and Schedule 31 para 11 from 6 April 2006.
(1) This section applies if—
(a) a trivial commutation lump sum death benefit, or
(b) a winding-up lump sum death benefit,
is paid to a person under a registered pension scheme.
(2) The person is to be treated as having taxable pension income for the tax year in which the payment is made equal to the amount of the lump sum.
(3) In this section—
“trivial commutation lump sum death benefit”, and
“winding-up lump sum death benefit”,
have the same meaning as in section 168 of FA 2004 (see Part 2 of Schedule 29 to that Act).
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