A very welcome change is that HMRC now list the updates, as follows.
Schemes added
Australia
AM & SJ Hirst Super Fund Britsoft Superannuation Fund Broons Super Fund
D & L Lanaway Family Super Fund Inch View Retirement Super Fund Mikesb 1965 Super Fund Stairway to Heaven Super Fund Super Dooper Superannuation Fund Wakefield Super Fund
Jersey
GlenQ Overseas Pension Plan
Netherlands
Pensioenreglement uitkeringsovereenkomst Pensioenfonds PGB
Schemes removed
Australia
Locke Sinclair Retirement Fund
Schemes amended
Germany
Condor Lebensversicherung-AG
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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Coronavirus pauses the government’s review of the net pay anomaly 6 July 2020
At Budget 2020, it was announced that a call for evidence would be published in relation to the issue surrounding pensions tax relief administration, as per the pledge in the Conservative manifesto to review the problem.
Unfortunately, coronavirus has meant that the publication of the government’s call for evidence has been delayed. As reported by The Financial Adviser, Economic secretary to the Treasury, John Glen, confirmed that COVID-19 had affected the publication date of the call for evidence, and explained that the government will provide further detail “in due course”. He said:
“At Budget 2020 the government announced a call for evidence will be published on pensions tax relief administration, in line with our manifesto commitment to comprehensively review this issue.
The Chartered Institute of Payroll Professionals
Payroll: need to know
cipp.org.uk
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