RPSM13100450 - Technical Pages: International: Enhancement: Recognised overseas scheme transfer factor: What happens after HMRC has been notified?

What happens after HMRC has been notified?

After receiving an APSS 202 notification form HMRC will send the individual a certificate confirming the recognised overseas scheme transfer factor. Each certificate will have a unique reference number, and will also state the type of lifetime allowance enhancement, the individual's National Insurance number (if they have one), the date of issue of the certificate and the date from which it is valid.

Individuals must retain all documents relating to the information submitted to HMRC on form APSS 202 for a period of 6 years, beginning with the day on which the notification is given to HMRC. They may wish to keep the documentation for longer than that in case a query arises subsequently. If they do not do so and there is a query then they could ask HMRC for a copy of the certificate and of the backing paperwork. They could also authorise the scheme administrator of their registered pension scheme to view, or receive a copy of, the certificate.

Amending a certificate

If an individual has received a certificate and later realises that the information provided on the APSS 202 notification form was incorrect they should send an amended notification to HMRC. They should complete all of the relevant boxes as if it was a new notification, but must tick the "yes" box at 1.5 on the form and enter there the reference number that is shown on the original certificate. In addition, if after the certificate was issued there has been a benefit crystallisation event in respect of any of the individual's pension arrangements they should inform HMRC about that in a covering letter.