Pensions – death benefit lump sum payments – claiming back tax

HMRC advise taxpayers on how to “claim back tax HMRC owes you on a death benefit lump sum payment using form P55(DB)”. These forms have been updated for 2023-24.

https://www.gov.uk/government/publications/income-tax-flexibly-accessed-pension-death-benefit-payment-repayment-claim-tax-year-2016-to-2017-p55db?utm_medium=email&utm_campaign=govuk-notifications-topic&utm_source=c541eb27-61c1-4b2e-ad1f-de00164dd3a7&utm_content=daily

HMRC also advise on how to “claim back tax HMRC owes you on a pension death benefit lump sum payment you recently had using form P53Z(DB)”. Again, the forms have been updated for 2023-24.

https://www.gov.uk/government/publications/income-tax-pension-death-benefit-lump-sum-repayment-claim-tax-year-2016-to-2017-p53zdb?utm_medium=email&utm_campaign=govuk-notifications-topic&utm_source=e7c0badd-5f9a-4b8f-8b11-fe090d02a2bb&utm_content=daily

Related content from Claritax Books

Pension Tax Guide is a thorough and practical guide to the complexities of the UK pension rules, and to the part they play in legitimate tax planning. Suitable for accountants, tax specialists and other finance professionals, the book is written by Katharine Lindley, a client director with EQ Investors.