PAYE76080 - PAYE operation: pensioners: P160
A form P160 is used to notify HMRC that an employer is paying an
occupational pension to a former employee.
On receipt of a P160 where there is a COP record you need
to
- Use Function MA to move the record to the pension reference
- Set OCPN signal
- Use Function RI to issue P161 or P161(W)
- Make an ENOTE of the annual rate of pension and date P161 or P161(W) was issued
- Scrap the P160
- On return of the P161 / P161(W) follow the instructions given in ‘P161: occupational pensioner (Action Guide)’ at PAYE76089
- Create a Main source record using Function MS (Class 2)
- Set OCPN signal
- Review Clearance Summary (CS) following the instructions in ‘Further action after using function MS (Action Guide)’ at PAYE60047
- Update Function MR with previous employment leaving details
- Use Function RI to issue P161 or P161(W)
- Make an ENOTE of the annual rate of pension and date P161 or P161(W) was issued
- Scrap the P160
- On return of the P161 / P161(W) follow the instructions given in ‘P161: occupational pensioner (Action Guide)’ at PAYE76089
