Pension schemes Scottish Rate of Income Tax newsletter
16 May 2017
This newsletter is published by HMRC’s Pension Schemes Services to update stakeholders on the latest news for pension schemes in relation to the effect of the Scottish Rate of Income Tax.
The introduction of the Scottish rate of Income Tax means that pension scheme members receive tax relief on their contributions based on their residency tax status. For scheme administrators operating relief at source pension schemes, if the Scottish rate of Income Tax differs from the rest of UK rate, this affects the amount of tax relief given to each member.
From January 2018, HMRC will tell pension scheme administrators operating relief at source pension schemes their individual scheme members’ residency tax status.
Read the May issue of the pension schemes Scottish Rate of Income Tax newsletter for information on:
Using the Secure Data Exchange Service
Notification of individual scheme members’ residency tax status - January 2018
Residency tax status look up service.