RPSM12301050 – Scheme Administrator Pages: Information Requirements and Administration: Information the scheme administrator is required to provide to HMRC: The Event Report: Event number 3 - Early provision of benefits
Event number 3 - Early provision of benefits
[Reg. 3 The Registered Pension Schemes (Provision of Information) Regulations 2006 - SI 2006/567]
Reportable event
A reportable event will occur where
- there is provision of benefits to a member under normal minimum pension age (age 50 before 6 April 2010 and age 55 from 6 April 2010) and
- the member was, in the year of provision or any of the preceding six years
- in relation to the sponsoring employer or an associated company of that employer, a director or person connected with a director, or
- either alone or with others, the sponsoring employer, or
- a person connected with the sponsoring employer.
For guidance on 'connected with' please see page RPSM12301290.
Information required
The information required is
- the name of the member
- their address
- their date of birth
- their National Insurance number (if known)
- the date of payment
- the amount of benefits provided
- the nature of the benefits and
- the reasons for early payment.
But if the same payment has been, or is being, reported under
Event 1 (unauthorised payment) or Event 4 (serious ill-health lump
sum), it does not need to be reported again as Event 3.
A winding-up lump sum payable in accordance with paragraph 10
Schedule 29 Finance Act 2004 is also not reportable as Event 3.
| Glossary RPSM20000000 |
