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Paying lump sum death benefits
Paying lump sum death benefits
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What are lump sum death benefits?
For the purpose of this guidance, lump sum death benefits are benefits paid on the death of a scheme member in the form of a cash sum.If death benefits which could be provided as a cash sum are actually paid as a pension (for instance, where the trustees of a scheme decide to buy an annuity for a person rather than paying them a cash sum), the death benefits concerned will still count as lump sum death benefits for the purpose of this guidance.
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| Related pages |
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| s255 of the Pensions Act |