Pension schemes newsletter 94 - December 2017

04 January 2018

The latest HMRC Newsletter includes an update on issues experienced when reporting multiple small pots payments on the same FPS through RTI.

The update states that the problems occur when reporting multiple small pots payments because RTI matches on the first part of the payroll ID reference and can treat some reports of multiple small pots payments as duplicates.

This affects the reporting of multiple payments on the same FPS, multiple payments with the same end date and payments where the scheme administrator payroll ID reference only differs in the last couple of digits.

HMRC has carried out a scan to correct all affected records for tax years 2015 to 2016, 2016 to 2017 and 2017 to 2018. The guidance in paragraph 2.2.5 of the CWG2 has been amended to say that if you’re reporting these types of payments you should enter a different end date for each payment. If issues are still being experienced HMRC can be contacted for assistance. Full details can be found in Item 3.

Pension Schemes Newsletter 94 also contains information on:

  • Relief at source for Scottish Income Tax 

  • Annual allowance 

  • Simplifying pension language 

  • New pensions online service - updating your scheme administrator details