RPSM12308020 - Scheme Administrator Pages: Information Requirements and Administration: Overseas requirements: Qualifying overseas pension schemes: Reporting of benefit crystallisation events
Reporting of benefit crystallisation events
| [Reg. 2 The Pension Schemes (Information Requirements – Qualifying Overseas Pension Schemes, Qualifying Recognised Overseas Pensions Schemes and Corresponding Relief) Regulations 2006] [SI 2006/208] | |
| [Reg. 5 The Registered Pension Schemes and Overseas Pension Schemes (Electronic Communication of Returns and Information) Regulations 2006] [SI 2006/570] |
In order to be considered to be a qualifying overseas pension scheme, the scheme manager of the overseas pension scheme must have undertaken to HMRC to comply with any information requirements imposed on him in relation to a benefit crystallisation event, and must comply with those requirements.
Information requirements on the scheme manager
The requirements are that the scheme manager must provide the details listed below to HMRC when a benefit crystallisation event has occurred for a member of the pension scheme who has at any time been a relevant migrant member of the pension scheme
- the name and address of the relevant migrant member for whom there has been a benefit crystallisation event in the tax year, and
- the date, amount and nature of the benefit crystallisation event.
These details must be provided by 31 January following the end
of the tax year in which the benefit crystallisation event
occurred. The time limit for the production of this information may
be brought forward by HMRC, see
RPSM12308030.
The scheme manager may provide this information to HMRC by
electronic means.
| Glossary RPSM20000000 |
