The newsletter is published by HMRC’s Pension Schemes Services to update stakeholders on the latest news for pension schemes.
Pension schemes newsletter 107 also includes articles on:
• •
Relief at source
Reporting non-taxable death benefits
• Managing Pension Schemes – registering as a scheme administrator
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Recognised overseas pension schemes notification list 8 March 2019
The list of Recognised Overseas Pensions Schemes (ROPS) notifications has been updated.
The list is of schemes that have told HMRC they meet the conditions to be a ROPS and have asked to be included on the list. 9 schemes have been added in this update.
An updated list of ROPS notifications is published on the first and 15th day of each month. If this date falls on a weekend or UK public holiday the list will be published on the next working day. Sometimes the list is updated at short notice to temporarily remove schemes while reviews are carried out, for example, where fraudulent activity is suspected.
The requirements to be a ROPS changed from 6 April 2017 - find out about the changes for ROPS requirements.
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Countdown bulletins – March 2019 7 March 2019
Two countdown bulletins have been published for March, containing important updates about the end of contracting- out.
Although contracting-out came to an end in April 2016, schemes are still submitting termination and transfer notices with end dates on or after 6 April 2016.
The National Insurance Services to Pensions Industry (NISPI) countdown bulletins provide additional guidance for pension scheme administrators to enable them to make sure all individuals contracted out pension rights are secured correctly.
Countdown bulletin 43 includes updates on:
• Pension Scheme Administrator queries • Pension Scheme Administrator guidance about the end of contracting-out • Scheme Reconciliation Service process improvements • Reminder of deadlines • Contracted-out statements
Countdown bulletin 44 includes an update on:
• Scheme Financial Reconciliation Update
The Chartered Institute of Payroll Professionals
Payroll: need to know
cipp.org.uk
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