Pension schemes newsletter 114 – October 2019

05 November 2019

The latest pension schemes newsletter has been published by HMRC’s Pension Scheme Services to provide updates to stakeholders.

Within this edition, there is a reminder to any scheme administrators who are yet to submit their annual returns for 2018-2019 to ensure that they use the correct forms, and the relevant links are provided. The reminder was prompted by the increase in the number of annual returns failing upon submission as a result of incorrect templates being used. The documents held on GOV.UK are the latest versions so they should be utilised instead of any templates saved from previous years as changes have probably been made.

The newsletter provides articles on the following topics:

  • Registration statistics
  • Pension flexibility statistics
  • Pension scheme administration – moving pension recipients from one payroll to another
  • Relief at source
  • Guaranteed Minimum Pension (GMP) equalisation
  • Annual allowance – GOV.UK guidance on ‘scheme pays’

 


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