Trivial commutation lump sum

From 6 April 2015 a trivial commutation lump sum benefit can not be paid by a defined contribution scheme without incurring a tax charge, although it could prior to this date.
Trivial commutation lump sum benefits can only be paid by defined benefit schemes and is a lump sum which may be payable from a member’s entitlement. A member may qualify to take all of their pension fund as a lump sum if it is within set limits.

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