Australia
Alan McGarragh Superannuation Fund Barr Superannuation Fund Carruthers First Super Fund Chris Lindos Superannuation Fund M-B Family SMSF Stupples QROPS Superannuation Fund Williamson Superannuation Fund
Guernsey
Schroders (C.I.) Limited Retirement Savings Scheme Schroders Guernsey Retirement Annuity Trust Scheme
Jersey
Caring Homes Healthcare Group Limited Employee Pension Scheme
Netherlands
DERO Security Products B.V. by Brand New Day Land Life Company B.V. by Brand New Day Stichting Pensioenfonds Hewlett-Packard Nederland
Schemes removed
Ireland
Timothy Kinsella Personal Retirement Bond
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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Temporary pension arrangement for NHS staff 6 December 2019
In recognition of the current tax issues surrounding the NHS pension scheme for individuals who work within frontline clinical roles in England, a temporary fix is being implemented to cover the year 2019-2020.
The government has confirmed that the NHS is authorised to pay any NHS pensions tax charges incurred by senior clinicians during tax year 2019-2020. The intention is to avoid further pressures on the NHS during the winter period, which is notoriously busy, by allowing senior clinicians to work extra hours without being penalised and seeing any detrimental effect to their pension. Reports from the Financial Adviser confirmed that the number of members opting out of the NHS pension scheme were five times higher than the number of opts outs observed in any other public pension fund and this was directly linked to the taper that is imposed on the annual allowance. The tapered annual allowance decreases the pension allowance for high earners – for every £2 of adjusted income above £150,000, £1 of annual allowance is sacrificed. It was implemented back in 2016 and has meant that certain individuals have had to pay annual tax charges and lifetime allowance tax charges on their benefits. The Treasury is set to review the tapered annual allowance as doctors have vehemently opposed it since its introduction.
The Chartered Institute of Payroll Professionals
Payroll: need to know
cipp.org.uk
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