In our previous Update, we reported that HMRC was consulting on draft regulations which would impose new requirements on scheme administrators to provide information when paying taxable lump sum death benefits to a trust.

The regulations came into force on 6 February.

They impose requirements for the scheme administrator to provide various information to the trustees of a trust to whom a death benefit is paid, and for the trustee of the trust to provide various tax-related information to a beneficiary who receives a payment from the trust.