Authorised payment charges

(FA 2004, s. 204–207)

(In-Depth: ¶383-000ff.)

Tax Charges

Pre-6 April 2015

From 6 April 2015

Short service refund lump sum charge(1)

20% up to £20,000;

20% up to £20,000;

(FA 2004, s. 205; In-Depth: ¶383-100)

50% on excess

50% on excess

[Serious ill-health lump sum charge (to 15 September 2016)(2)

[55%]

[45%]

(FA 2004, s. 205A; In-Depth: 383-120)]

Special lump sum death benefits charge(3)

55%

45%

(FA 2004, s. 206; In-Depth: ¶383-150)

Authorised surplus payments charge

35%

35%

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