Pension schemes newsletter 116

29 January 2020

The latest pension schemes newsletter from HMRC includes updates on relief at source, master trust supervision, the managing pension schemes service, and more.

This newsletter is published by HMRC Pension Schemes Services to update stakeholders on the latest news for pension schemes. Issue 116 includes articles on:

  • Pension flexibility statistics
  • Pension Schemes Online service
  • Managing Pension Schemes service
  • Relief at Source - notification of residency status report for 2020 to 2021
  • Trust Registration Service

Some interesting statistics are included in the publication that relate to the number of tax repayment claim forms processed for pension flexibility payments.

From 1 October 2019 to 31 December 2019, HMRC processed:

  • P55 = 5,759 forms
  • P53Z = 3,422 forms
  • P50Z = 1,154 forms

Total value repaid: £32,191,054

Pension schemes newsletter 116 – January 2020


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