Pensions: Draft Provision of Information (Amendment) Regulations
HM Revenue & Customs has published draft regulations for comment by
14 June 2013.
Pensions Newsletter 57 (PDF 68K)
The May 2013 edition has now been published.
Tax Information and Impact Note: Annual
Allowance - technical improvements (PDF 69K)
HM Revenue & Customs has published a Tax Information and Impact Note for
The Registered Pension Schemes (Reduction in Pension Rates, Accounting
and Assessment)(Amendment) Regulations 2013.
Tax Information and Impact Note: Pension
Protection Fund - miscellaneous amendments (PDF 44K)
HM Revenue & Customs has published a Tax Information and Impact Note for
The Pension Protection Fund (Tax) (Amendment) Regulations 2013.
Changes announced in budget, including
reduction to LTA and AA from 2014-15
Changes to Lifetime Allowance (LTA) and Annual Allowance (AA) for 2014-15
were announced in the budget and details published.
Minutes of the Pension Industry Stakeholder
Forum 17 October 2012 (PDF 64K)
HM Revenue & Customs has published minutes from the Pensions Industry
Stakeholder Forum
Pension liberation - the cost of accessing or
unlocking your pension early
Unscrupulous firms are using misleading information to promote personal
loans or cash incentives and enticing savers to access their pension pots
early. Very often they say there is a legal loophole so you don't pay
tax. There is no legal loophole.
Pension Schemes Online Spring 2013
release: forthcoming enhancements (PDF 14K)
HM Revenue & Customs have made a number of enhancements to Pension
Schemes Online to be implemented from 6 April 2013. The online service
will be unavailable for a few days around this date to allow these changes
to be made.
Former
tax association president jailed for tax fraud
A former president of the Association of Taxation Technicians (ATT) and
a fellow company director have been jailed for eight and half years each
for a £5 million pension scheme tax fraud.
Pension savings annual allowance calculator
- amended
The pension savings annual allowance calculator has been amended.
Publication of Pension Liberation Leaflets
The Pensions Regulator and HM Revenue & Customs (HMRC) have joined
forces with other Government Departments to publish a set of leaflets
about pension liberation offers that are currently being marketed.
Pensions: Draft Authorised
Payment Amendment Regulations
HM Revenue & Customs has published draft regulations for comment by
1 March 2013.
Draft Statutory Instrument for reduction
in Pension Rates
HM Revenue & Customs has published in draft the Registered Pension
Schemes (Reduction in Pension Rates, Accounting and Assessment)(Amendment)
Regulations 2013 for comment.
Qualifying Recognised Overseas Pension Schemes (QROPS)
(PDF 348K)
HM Revenue & Customs has published an update to the QROPS list.
Pensions Newsletter 56 (PDF 64K)
The January 2013 edition has now been published.
Qualifying Recognised Overseas Pension Schemes (QROPS)
HM Revenue & Customs has published an update to the QROPS list.
Pension Industry Business update
December 2012 Issue No 4 (PDF 436K)
Pensions Industry Business Update, formally the National Insurance Services
to Pensions Industry Newsletter, has now been published.
Qualifying Recognised Overseas Pension Schemes (QROPS)
HM Revenue & Customs has published an update to the QROPS list.
Tax Information and Impact
Note: EU Court of Justice ruling on drawdown pensions (PDF 71K)
HM Revenue & Customs has published a Tax Information and Impact Note
for Statutory Instrument SI 2940/2012: The Registered Pension Schemes
(Relevant Annuities) (Amendment) Regulations 2012.
Statutory
Instrument: SI 2940/2012 and Explanatory Memorandum (Opens new window)
The Registered Pension Schemes (Relevant Annuities) (Amendment) Regulations
2012 and associated Explanatory Memorandum.
Qualifying Recognised Overseas Pension Schemes (QROPS)
HM Revenue & Customs has published an update to the QROPS list.
Pensions: The Annual Allowance Charge
(Amendment) Order
HMRC has published in draft the Annual Allowance Charge (Amendment) Order
for comment.
Tax code operated on 'trivial
commutation' and similar lump sum pension payments
From April 2013 the tax code operated on these one-off lump sum pension
payments will change from the emergency code (on the non-cumulative or
week1/month 1 basis) to the basic rate (BR) tax code. Draft amendments
to the PAYE regulations have been published for consultation, along with
a Technical Note. The consultation ends on 11 January 2012.
Changes
to the Relief at Source (RAS) Annual Claim form
Following consultations with the Pensions Industry, HMRC has decided to
revise the Annual RAS claim form (APSS 106). Further details can be found
in Pension Schemes Newsletter 55.
Changes
to the Relief at Source (RAS) Interim Claim form
Following consultations with the Pensions Industry, HM Revenue & Customs
has decided to revise the Interim RAS claim form (APSS 105). Further details
can be found in Pension Schemes Newsletter 55.
Pensions Newsletter 55 (PDF 63K)
The October 2012 edition has now been published.
Pension schemes
Following a review of customer requirements, the content and design of
the pension schemes area has been updated. It now includes guidance for
members on the main tax rules for registered pension schemes.
List of qualifying recognised overseas pension
schemes
The process for publishing updates to the QROPs list has changed.
Pension
schemes forms
All pension schemes forms can now be found in the Find a form area of
the website
Qualifying Recognised Overseas Pension Schemes (QROPS)
HM Revenue & Customs has published an update to the QROPS list.
Qualifying Recognised Overseas Pension Schemes (QROPS)
HM Revenue & Customs has published an update to the QROPS list.
Qualifying Recognised Overseas Pension Schemes (QROPS)
Pension Schemes Services (PSS) has published an update to the QROPS list.
Qualifying Recognised Overseas Pension Schemes (QROPS)
HM Revenue & Customs has published an update to the QROPS list.
Updated guidance on calculating
maximum drawdown for female pensioners (PDF 24K)
HM Revenue & Customs has updated its guidance about drawdown pensions.
It tells providers to use the same rates for women as for men to determine
maximum drawdown pensions from 21 December 2012.
Qualifying Recognised Overseas Pension Schemes (QROPS)
HM Revenue & Customs has today published an update to the QROPS list.
Draft HM Revenue & Customs guidance for
SI 2012 No 1881 (PDF 46K)
Draft guidance for the Registered Pension Schemes (Authorised Payments)
(Amendment) (No 2) Regulations 2012 (SI 2012 No 1881) has now been published.
Annual allowance form for overseas pension
schemes
Overseas pension schemes that are not able to use Pension Schemes Online
to report an annual allowance charge paid on behalf of a member will now
be able to notify HM Revenue & Customs (HMRC) using a form that is
available on the HMRC website.
Statutory
Instrument: SI 2012/1881 Pension schemes - taxation of partial refunds
for members with short service (Opens new window)
The Registered Pension Schemes (Authorised Payments) (Amendment) (No 2)
Regulations 2012 (SI 2012 No 1881) have been laid before Parliament, coming
into force on 8 August 2012. These regulations relate to certain schemes
which were formerly contracted-out money purchase schemes.
Explanatory
Memorandum to SI 2012 No 1881 (Opens new window)
The Explanatory Memorandum to the Registered Pension Schemes (Authorised
Payments) (Amendment) (No 2) Regulations 2012 (SI 2012 no 1881) has now
been published.
Qualifying Recognised Overseas Pension Schemes (QROPS)
Pension Schemes Services (PSS) has published an update to the QROPS list.
Statutory
Instrument: SI 2012 No 1795 and Explanatory Memorandum (Opens new window)
The Pensions Schemes (Application of UK Provisions to Relevant Non-UK
Schemes) (Amendment) Regulations 2012.
Qualifying Recognised Overseas Pension Schemes (QROPS)
Pension Schemes Services (PSS) has published an update to the QROPS list.
Pension
Schemes Services contracting out forms
Following the ending of contracting out on a defined contribution (money
purchase) basis from 6 April 2012 HMRC has revised Forms APSS 101, APSS
155A and APSS 155B and their completion notes
Pensions: Asset-backed contributions draft
guidance (PDF 91K)
Draft guidance has been published relating to employer asset-backed pension
contributions (ABC arrangements).
Pension Schemes Newsletter 54 (PDF 82K)
The June 2012 edition has now been published.
Pensions Industry Business Update May
2012 Issue No 2 (PDF 1.2MB)
The latest Pensions Industry Business Update formally the National Insurance
Services to Pensions Industry Newsletter has been published.
Qualifying Recognised Overseas Pension Schemes (QROPS)
HM Revenue & Customs has today published an update to the QROPS list.
