CIPP Payroll: need to know 2019-20

Back to Contents

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

Approach for producing Final Data Cuts

• Guaranteed Minimum Pension (GMP) Conversion

Previous editions of the Countdown Bulletin are also available on GOV.UK.

Back to Contents

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

Page 548 of 629

Made with FlippingBook - Online magazine maker