Pension schemes newsletter 90 – August 2017

01 September 2017

In pension schemes newsletter 89 HMRC explained that pension scheme registration and administration will move onto the Pensions Online Digital Service so that they can improve the service for Pension Scheme Administrators (PSA).

The plan was to migrate existing registered pension schemes as well as scheme administrator IDs across to the new service from April 2019. However, to allow existing administrators to register new schemes on the new service, HMRC has decided to transfer existing scheme administrator data onto the new service a year earlier, by April 2018.

HMRC will cleanse the data before thee move this across so they only migrate up to date details to the new service, but they need help with this. All PSAs should log onto the Pensions Schemes Online as soon as possible and check that their scheme administrator details are complete and up to date.

See section 6 of pension schemes newsletter 90 for further details on this.

The newsletter also contains updates and information on:

  • Annual allowance
  • Relief at source for Scottish Income Tax
  • Qualifying recognised overseas pension schemes
  • Event report – save and submit
  • Lifetime allowance look up service for PSAs