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Where Taxpayers and Advisers Meet

PENSION COMMENCEMENT LUMP SUM

Jeffers613
Posts: 4
Joined: Thu Nov 16, 2017 4:10 pm

PENSION COMMENCEMENT LUMP SUM

Postby Jeffers613 » Thu Nov 22, 2018 2:20 pm

I need to know whether the PCLS - if UNUSED (or not fully used) by a deceased defined-contribution scheme holder, can be utilised by a nominated (or other) beneficiary?

I have been told that the PCLS is a member-only benefit and therefore cannot be passed on - is this correct?

Does anyone have a reference in the HMR&C tax manual that the PCLS is a member-only benefit and is lost if unused by the pension holder?

Jeffers613
Posts: 4
Joined: Thu Nov 16, 2017 4:10 pm

Re: PENSION COMMENCEMENT LUMP SUM

Postby Jeffers613 » Fri Nov 23, 2018 3:40 pm

GOSH - 30 VIEWS AND NO REPLIES TO MY QUESTION!!!!

AdamS93
Posts: 185
Joined: Tue Sep 26, 2017 6:28 pm

Re: PENSION COMMENCEMENT LUMP SUM

Postby AdamS93 » Fri Nov 23, 2018 5:56 pm

GOSH - 30 VIEWS AND NO REPLIES TO MY QUESTION!!!!
It is a forum for free advice. No one is obliged to reply GOSH!

This isn’t something a general practitioner would see on a regular basis, therefore instead of guessing, forums users just haven’t replied!

We could research it, like you could, but I doubt anyone will do it for free - time is precious!


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