“that public service pensions are a significant cost for the taxpayer, now and in the future.”
And that the judgment does not alter the government’s commitment to ensuring that the cost of public service pensions are affordable for taxpayers and sustainable for the long term.
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Pension schemes newsletter 112 1 August 2019
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 112 includes articles on:
relief at source
•
pension flexibility statistics
•
annual allowance
•
• The Pensions Regulator (TPR)’s consultation on the future of pension trusteeship and governance • Qualifying Recognised Overseas Pension Schemes (QROPS) transfer statistics
Pension schemes newsletter 112 – July 2019
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Latest Countdown Bulletin published 1 August 2019
The latest Countdown Bulletin provides important guidance and updates to pension scheme administrators 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 47 has updates on:
Scheme Financial billing exercise
•
Scheme Financial refund exercise
•
Returned cheques
•
Previous editions of the Countdown Bulletin are also available on GOV.UK.
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The Chartered Institute of Payroll Professionals
Payroll: need to know
cipp.org.uk
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