Income Tax (Earnings and Pensions) Act 2003 section 637M

Flexi-access drawdown lump sum death benefits

Section 637M sets out the income tax treatment of flexi-access drawdown lump sum death benefits paid from registered pension schemes, with the tax outcome depending on the member's age at death, how quickly the benefit is paid, and who receives it.

Access full legislation.And much more.

By becoming a member, your team gets full access to Tax World research tools and source-backed tax resources.