RPSM02309010 - Scheme administrator pages: Registering a pension scheme with HMRC: de-registration of a pension scheme: Why would a registered pension scheme be de- registered?

Why would a registered pension scheme be de-registered?

A scheme may be de-registered only when it appears to HMRC that

• the scheme administrator has failed to pay a substantial amount of tax or, interest on tax, for which they are liable under Part 4 of Finance Act 2004,
• the scheme has made “scheme chargeable payments” and the total of these in any 12 month period exceeds the “de-registration threshold” (see RPSM02105030),
• there is no scheme administrator,
• the application to register the scheme contained information which was materially incorrect,
• other information provided to HMRC was materially incorrect,
• a declaration accompanying the application to register the scheme or other information given to HMRC was materially false, or
• the scheme administrator has failed to provide information requested under Part 4 Finance Act 2004 by HMRC, and the failure is significant.

These are the only circumstances in which HMRC may consider de-registration.

De-registration is not mandatory in these circumstances, and HMRC will take into account relevant facts when making a decision.

HMRC will only de-register an entire pension scheme. It will not de-register any individual's arrangement(s) in isolation.