RPSM12200080 - Member Pages: Information Requirements and Administration: Information provided by the scheme administrator to members

Information provided by the scheme administrator to members

What information does the scheme administrator have to provide to me?

To help you to complete your self assessment tax return correctly, the scheme administrator is required by the Provision of Information Regulations to provide you with information, if any of the following apply to you

• a benefit crystallisation event has taken place that has resulted in a lifetime allowance charge – see RPSM12304020
• you (or a member of your family or household) have been provided with a benefit in the form of use of an asset of the pension scheme, which is treated as an unauthorised payment – see RPSM12304030.

In addition, if you are in receipt of a pension the scheme administrator (or insurance company if they are providing you with an annuity) will, at least once a year, provide you with a statement showing the percentage of the lifetime allowance that you have crystallised since 6 April 2006 in relation to that scheme, and any scheme from which that scheme has received a transfer payment in respect of you.

You will also be provided with such a statement within 3 months of any benefit crystallisation event having taken place, unless a statement has already been given to you due to a pension being in payment. This information is given to enable you to be aware of how much of your lifetime allowance remains should you have additional pension rights that have yet to be crystallised.

The information above is the only information that your scheme administrator (or insurance company) is obliged to provide you with under the Registered Pension Schemes (Provision of Information) Regulations 2006 [SI 2006/567]. In practice, you may receive additional information from your scheme administrator.