[Reg 18 The Registered Pension Schemes (Provision of
Information) Regulation 2006 – SI 2006/567]
The Registered Pension Schemes (Provision of Information)
Regulation 2006 require the
scheme administrator and any person providing
administrative services to a
registered pension scheme to keep records relating
to any payment made from the scheme. So you will need to keep
records relating to the payment of any pensions and lump sums
whilst a member has an enhanced lifetime allowance due to pre 6
April 2006
pension credit rights for at least 6 years
following the end of the tax year in which the payment is made.
Failure to keep the correct records may result in a penalty
of up to £3,000.
| Glossary ( RPSM20000000) |
