Lump Sum Allowances and Inheritance Tax

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About this event

This half day course is aimed at experienced pension administration staff in England and Wales. It will not be suitable for those new to LGPS administration.

Scottish LGPS administrators are welcome to attend but should be aware that the exercises and examples that use factors will be demonstrated using English and Welsh factors.

The course is based on overriding tax legislation. Scheme employer staff would not benefit from attending.

Course content

Lump Sum Allowance and Lump Sum and Death Benefit Allowance:
The basics
The calculation
Exceeding the LSA
Exceeding the LSDBA
Relevant Benefit Crystallisation Events
Tax charges and reporting
Protections and how they work

Inheritance Tax:
The basics
Notional Pension Property
Withholding notices
Payment notices
Requests for information

 

 

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