[Reg 3 The Registered Pension Schemes (Provision of
Information) Regulation 2006 – SI 2006/567 – as amended
by The Registered Pension Schemes (Provision of
Information)(Amendment) Regulation 2006 – SI
2006/1961]
After paying benefits under primary protection the
scheme administrator must submit an Event Report
in the following circumstances.
[‘Reportable event 6’]
Where the total amounts (from this and any previous benefit
crystallisation) crystallised is more than the value of the
standard lifetime allowance for the tax year in
which the
benefit crystallisation event occurs.
The information that needs to be reported is
[‘Reportable event 8’]
Where the amount of
pension commencement lump sum paid is only an
authorised payment because the member has protection of lump sums
over £375,000 under paragraph 24 Schedule 36 FA 2004.
The information that needs to be reported is
[‘Reportable event 8A’]
Where a
stand-alone lump sum is paid the information that
needs to be reported is as for ‘reportable event 8’
above. See
RPSM12301105 for more information.
[‘Reportable event 1’]
Where an unauthorised member payment is made the information
that needs to be reported is
The Event Report should be made once a year. It should contain details of all the reportable events that occurred in a tax year. The Event Report should be submitted to HMRC by 31 January following the end of the tax year to which the report relates. RPSM12301020 has more information on the Event Report.
| Glossary ( RPSM20000000) |
