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Latest Countdown Bulletin published 3 September 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 48 has updates on:
Final Data Cuts for Ceased Schemes
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Approach for producing Final Data Cuts
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• Guaranteed Minimum Pension (GMP) Conversion
Previous editions of the Countdown Bulletin are also available on GOV.UK.
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Recognised overseas pension schemes notification list 3 September 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.
There have been 5 scheme names added to the list, and one removed. No amendments have been cited in this update.
A very welcome change is that HMRC now list the updates, as follows.
Schemes added
Australia AJ Jackson Super Fund Chapman Superfund Lawther Superannuation Fund
Jersey Jersey Pension Plan
Netherlands Element Six NV by Brand New Day
Schemes deleted
Australia
The Chartered Institute of Payroll Professionals
Payroll: need to know
cipp.org.uk
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