RPSM12301610 - Scheme Administrator
Pages: Information Requirements and Administration: Information the
scheme administrator is required to give to HMRC: Pension scheme
has been wound up: Information requirements
Information requirements
[Reg. 4 The Registered Pension Schemes (Provision of
Information) Regulations2006 - SI 2006/567 as amended by The Registered Pension
Schemes (Provision ofInformation)(Amendment) Regulations 2008 – SI
2008/720][Reg. 4 The RegisteredPension Schemes and Overseas Pension Schemes (Electronic
Communication ofReturns and Information) Regulations 2006 - SI
2006/570]
The person who was the
scheme administrator immediately before the
winding up of a
registered pension scheme is required to notify
HMRC of the date that the scheme was wound up. The information must
be supplied electronically within 3 months of the date winding up
was completed.
But a notification that a scheme has wound up is not
required in respect of
- a deferred annuity contract made on or
before 5 April 2006, which is treated as a registered pension
scheme;
- a
former approved superannuation fund;
- a contract approved under section
621(1)(b) of the Income and Corporation Taxes Act 1988 (ICTA)
(commonly known as a 'section 226A policy');
- a
retirement annuity contract or trust scheme that
was approved under section 620 or 621 Income and Corporation Taxes
Act 1988, or a substituted contract within the meaning of section
622(3) Income and Corporation Taxes Act 1988; or
- A deferred annuity contract that
automatically became a registered pension in accordance with
section 153(8) FA 2004 as long as
- apart from the transfer of funds needed to create
the contract, the contract has not received a
recognised transfer;
- the total of any employer and
relievable pension contributions paid by or on
behalf of the member to the contract is not more than
£10;
- the contract does not fall within the definition
of an investment-regulated scheme which directly or indirectly
holds an interest in taxable property; and
- no administrator’s declaration under section
270(2)(b) – see
RPSM02306040 - has been made to
HMRC.
