RPSM12308510 - Scheme Administrator Pages: Information Requirements and Administration: Overseas requirements: Qualifying recognised overseas pension schemes: Reporting of payments
Reporting of payments
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| [Reg. 3(2) The Pension Schemes (Information Requirements – Qualifying Overseas Pension Schemes, Qualifying Recognised Overseas Pension Schemes and Corresponding Relief) Regulations 2006] [SI 2006/208] |
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| [Reg. 5 The Registered Pension Schemes and Overseas Pension Schemes (Electronic Communication of Returns and Information) Regulations 2006] [SI 2006/570] |
A qualifying recognised overseas pension scheme must provide to HMRC the following information when making a payment (including a transfer of assets and any other transfer of money's worth) in respect of a relevant member
- the name and address of the relevant member, and
- the date, amount and nature of the payment.
A relevant member is a member of a scheme in respect of whom
there is a relevant transfer fund within the meaning of the
Pensions Schemes (Application of UK Provisions to Relevant Non-UK
Schemes) Regulations 2006 [SI 2006/207].
In the case of a pension payment, notification should only be
made in respect of the first such payment.
This information must be provided to HMRC by 31 January
following the tax year in which the payment is made but see
RPSM12308520.
The information may be provided by electronic means.
Further details are provided at RPSM14101070.
| Glossary RPSM20000000 |
