Countdown bulletin 29

13 October 2017

The countdown bulletins are produced by the National Insurance Services to Pensions Industry (NISPI) and provide guidance and updates to pension scheme administrators about the ending of contracting-out - part of the new State Pension which was brought in on 6 April 2016.

Termination and transfer notices

Although contracting-out came to an end in April 2016, schemes are still submitting termination and transfer notices with end dates on or after 6 April 2016.

Countdown bulletin 10 and countdown bulletin 16 advised that with the introduction of new State Pension from 6 April 2016 HMRC will no longer track contracted-out rights after 5 April 2016.  Therefore schemes will not need to advise HMRC of any movement of membership (transfers that take place after that date). All movements will be the responsibility of schemes to continue to track. Any movement or method of preservation that occurs prior to 6 April 2016 will still need to be advised to HMRC and well in advance of December 2018.

For further details see countdown bulletin 29, which also includes an update on:

  • Was In Scheme Start Date (SD) and End Date (ED) Automated Solution

Previous editions of the countdown bulletin are all available on GOV.UK.