The personal representatives may make a payment to a beneficiary during the administration period. This payment does not have specifically to be a payment of income. It can take the form of a capital payment or transfer of assets.

Where a payment during the administration period was made before 6 April 1995, the beneficiary was deemed to have received income for each year in the administration period in turn.


The administration period started on 30 June 1992 and had not been completed by 5 April 1995. On 31 March 1995 a payment of £10,000 was made to a beneficiary. The beneficiary's share of residuary income was as follows

Year Gross
£ Tax
£ Net
1992-93 5,000 1,250 3,750
1993-94 6,000 1,500 4,500
1994-95 8,000 2,000 6,000

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