Countdown Bulletin 55

27 July 2021

In the latest edition of the Countdown Bulletin, there are updates on:

•    The closure of Scheme Cessation and Scheme Reconciliation eRooms

•    Final data cuts for Pension Schemes

•    How to raise queries with HMRC

Closure of Scheme Cessation and Scheme Reconciliation eRooms

HMRC created eRooms to assist scheme administrators in reconciling their scheme memberships. As the Scheme Reconciliation service has now ended, there is no longer a requirement for these eRooms to exist.

From 1 September 2021, the eRooms will begin to close, starting with those created for the reconciliation of ceased schemes. These rooms have the deployment number PSN0010091 at the beginning of the eRoom name. 

This will be followed by the closure of the Scheme Reconciliation Service eRooms, which are identified by the deployment number PSN0040259 at the start of the eRoom name.

It is recommended that anyone who holds data in these eRooms makes copies of information they need for the ongoing administration of their schemes, as they will not be able to ask for copies of this data from HMRC following the closure of the eRooms. 

Rooms established for raising Guaranteed Minimum Pension (GMP) checker queries will not be affected, and there will no change to the services provided through these eRooms. 

Final Data Cuts

Anyone who was appointed as administrator of a pension scheme prior to 31 July 2020 who has not received its final data cut has until 31 July 2021 to request the final data cut for their scheme.

The Customer Relationship Team should be contacted via the email address [email protected].

HMRC will only publish final data cuts for schemes that engaged with the Scheme Reconciliation Service and ceased schemes with an ongoing file in the Scheme Cessation area in April 2018.

Guaranteed Minimum Pension checker queries to HMRC

Any queries regarding the Guaranteed Minimum Pension should be sent to HMRC using the Guaranteed Minimum Pension checker. 

Queries should only be submitted to HMRC if a ‘life event’ is occurring for a pension scheme member. An example of a life event could include:

•    Leaving a scheme
•    Transferring from a scheme
•    Reaching Guaranteed Minimum Pension payable age or payable date
•    Reaching State Pension age
•    Divorce
•    Death

Information provided in this news article may be subject to change. Please make note of the date of publication to ensure that you are viewing up to date information.