Countdown bulletin 44 – updated
01 April 2019
This publication provides important guidance and updates to pension scheme administrators about the end of contracting-out and includes updates on Scheme Financial Reconciliation.
Countdown bulletin 44 was originally published at the beginning of March. It has been updated with information about the release dates of refund letters and cheques for schemes in surplus that have engaged with HMRC.
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.
The National Insurance Services to Pensions Industry (NISPI) countdown bulletins provide additional guidance for pension scheme administrators to enable them to make sure all individuals contracted out pension rights are secured correctly.
Previous editions of the Countdown Bulletin are also available on GOV.UK.