Recipient update service 2016 not updating
A broken hyperlink to another PTM page has also been fixed.Due to the removal of pages PTM051400 and PTM051500, minor changes have been made on this page to the 'Who the annual allowance rules apply to' section and new paragraphs have been added to the 'The amount of annual allowance charge' section.Legislative change: A new paragraph has been added under "The amount of annual allowance charge" heading to reflect legislative changes introduced by The Scottish Rate of Income Tax (Consequential Amendments) Order 2015 - SI 2015/1810.Legislative change: The glossary has been updated to explain the change to the definition of dependant and its effect on the definition of nominee introduced by paragraph 6 Schedule 5 Finance Act 2016.Minor amendments including correcting winding up lump sum death benefit limit from £30,000 to £18,000.New paragraphs are added under the heading "When an uncrystallised funds lump sum death benefit can be paid" to explain the two year time limit which applied before 6 April 2015.The lifetime allowance and the lifetime allowance charge: benefit crystallisation events: each of the benefit crystallisation events (BCEs) in detail: BCE 5C and BCE 5D relevant unused uncrystallised funds applied for drawdown or annuity following a death The lifetime allowance and the lifetime allowance charge: benefit crystallisation events: each of the benefit crystallisation events (BCEs) in detail: BCE 1 designation of funds for drawdown pension during the member's lifetime The content about trivial commutation and serious ill-health lump sums is revised to reflect legislative changes introduced by paragraphs 1-4 and 7-9 Schedule 5 Finance Act 2016.Also minor changes: two links redirected to new Gov website.
This page has been updated under the heading 'When a trivial commutation lump sum death benefit can be paid' to clarify age conditions.
A new paragraph has been added to clarify that dependants' scheme pensions are not affected by the extended meaning of dependant introduced at paragraph 6 Schedule 5 Finance Act 2016 . The guidance on this summary page has been changed in respect of charity lump sum death benefits and transitional provisions to reflect the extended definition of dependant introduced by paragraph 6 Schedule 5 Finance Act 2016.
The page has been updated to add legislative references and changes to the text in and under the third heading to clarify existing content.
Accordingly some additional wording is added under "Taxation" heading.
Minor change: The page has been updated to correct the omission of 'pension' from 4th bullet of authorised pension death benefits.