PTM161800 - Information and administration: Reportable event 24

Regulation 3 The Registered Pension Schemes (Provision of Information) Regulation 2006 - SI 2006/567

This event occurs where:

A lump sum in excess of the individual's available lump sum allowance (see PTM174100) is paid to a member of the scheme, following a relevant benefit crystallisation event (see PTM173000) in relation to the member.
A lump sum that would have been in excess of the individual's lump sum and death benefit allowance (see PTM174200) had the individual not been relying on a protection or enhancement factor, is paid to a member of the scheme or their beneficiary, following a relevant benefit crystallisation event in relation to the member.
A lump sum that would have been in excess of the individual's lump sum and death benefit allowance had the individual not been relying on a protection or enhancement factor, is paid to a member of the scheme, following a relevant benefit crystallisation event in relation to the member.
The aggregate lump sum death benefits paid by a scheme in respect of a deceased member of that scheme, following a relevant benefit crystallisation event in relation to the member, exceeds the lump sum and death benefit allowance (see PTM172000)

When this event occurs, the following information must be provided:

The member's name,
The member's national insurance number,
The date of the relevant benefit crystallisation event,
The relevant benefit crystallisation event (the nature and amount of the lump sum or lump sum death benefit),
Each protection or enhancement type and the reference number (if applicable),
The amount of income tax already paid on any excess (if applicable)

HMRC will calculate the income tax due when lump sum and death benefit allowance is exceeded.

Pensions Tax Manual