RPSM12301080 – Scheme Administrator Pages: Information Requirements and Administration: Information the scheme administrator is required to provide to HMRC: The Event Report: Event number 6 - Benefit crystallisation events and enhanced lifetime allowance or enhanced protection

Event number 6 - Benefit crystallisation events and enhanced lifetime allowance or enhanced protection

[Reg. 3 The Registered Pension Schemes (Provision of Information) Regulations 2006 - SI 2006/567]

Reportable event

A reportable event will occur in a registered pension scheme when

• a member’s benefit crystallisation event takes place that, either alone or combined with other amounts crystallised by that person, exceeds the standard lifetime allowance for the year in question, and
• the member relies on either an enhanced lifetime allowance or enhanced protection in order to reduce or eliminate the lifetime allowance charge.

Information required

The information required is

• the name of the member
• their address
• their date of birth
• their National Insurance number (if known)
• the amount crystallised by the event
• the date of the event and
• the reference number given by HM Revenue & Customs in connection with the protection or enhancement relied upon in order to reduce or eliminate the lifetime allowance charge (see The Registered Pension Schemes (Enhanced Lifetime Allowance) Regulations 2006 - SI 2006/131).