Revenue has updated Chapter 10 of the Pensions Manual regarding benefits on death-in-service. An approved scheme may, in addition to providing a lump sum, provide a pension or transfer of benefits into an Approved Retirement Fund (ARF) for a spouse, or civil partner, or dependant where a pension scheme member dies in service. The updated manual clarifies that while a deceased member's benefits, after taking a tax-free lump sum, can be paid as an annuity or transferred into an ARF, the balance of the benefits cannot be paid as a taxable lump sum to the surviving spouse, civil partner or dependent.
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