Pension schemes newsletter 85

20 March 2017

HMRC’s latest pension schemes newsletter includes further detail on a number of measures in connection with pensions as announced at Budget 2017.

Qualifying recognised overseas pension schemes (QROPS)

To help reach scheme members thinking about transferring to a QROPS and overseas scheme managers receiving and making transfers, HMRC has produced additional guidance, included in this newsletter as Appendix 1 and Appendix 2. HMRC is happy for you to use the wording in these in your literature or on your websites as appropriate.

Also featured in this newsletter:

Pension flexibility - reporting of non-taxable death benefits through Real Time Information (RTI)
Relief at Source
Scottish rate of Income Tax
Lifetime Allowance
Pension scheme registrations