HMRC pension schemes newsletter July 2022

26 July 2022

Her Majesty’s Revenue and Customs (HMRC) has released their newsletter rounding up the latest pension scheme news.

Following Legislation Day 2022, now referred to as L-Day, draft legislation on the following pension related issues has been published:

  • collective money purchase – winding up
  • provision in connection with the Dormant Assets Scheme
  • low-earners – net pay arrangement tax relief top-ups.

Also covered in the newsletter are:

  • relief at source ― annual return of information for the tax year 2021 to 2022
  • managing Pension Schemes service
  • accounting for Tax (AFT) returns
  • pension flexibility statistics
  • Qualifying Recognised Overseas Pension Schemes (QROPS) transfer statistics.

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.