Related Commentary  Related HMRC Manuals

205(1)  A charge to income tax, to be known as the short service refund lump sum charge, arises where a short service refund lump sum is paid by a registered pension scheme.

205(2)  The person liable to the short service refund lump sum charge is the scheme administrator.

205(3)  The scheme administrator is liable to the short service refund lump sum charge whether or not–

(a)the scheme administrator, and

(b)the person to whom the short service refund lump sum is paid,

are resident or domiciled in the United Kingdom.

205(4)  The rate of the charge is–

Need help? Get subscribed!

To subscribe to this content, simply call 0800 231 5199

We can create a package that’s catered to your individual needs.

Or book a demo to see this product in action.