The Chartered Institute of Payroll Professionals
News On Line
Schemes removed
Ireland
Ronnie Culliton (Bespoke) Pension Trust
New Zealand
Lightfoot Ltd Superannuation Scheme
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 Bulletin 56 12 October 2021
The only update given in the October Countdown Bulletin is regarding the closure of Scheme Cessation and Scheme Reconciliation eRooms.
In last month’s bulletin , it was announced that HMRC would start to close these eRooms from 1 September 2021. After this announcement, HMRC received feedback from pension scheme administrators with concern that they would not be able to extract the necessary information from the eRooms in the timeframe given.
HMRC has made the decision to delay the closure process for the Scheme Cessation and Scheme Reconciliation eRooms until the end of November 2021.
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Recognised overseas pension schemes notification list 2 November 2021 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 22 scheme names added to the list, and two 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
7 Diamond Superannuation Fund ADP ROPS Fund Anlezark Family SMSF Cassells Super Fund Dumyat Superannuation Fund
The Chartered Institute of Payroll Professionals
Payroll: need to know
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