Total amount of tax due at the lower relevant rate - short service refund lump sum charge

The lower relevant rate is 20%. Up to and including 5 April 2010 the lower relevant rate is charged on amounts paid to an individual member that do not exceed £10,800. From 6 April 2010 this is charged on amounts paid to each individual member that do not exceed £20,000. For further guidance on the short service refund lump sum charge, please follow the Registered Pensions Schemes Manual link from the left hand menu and refer to RPSM04101090.