Please do keep policy informed of any issues you have. Thank you.
REAL TIME INFORMATION – ANNUAL AMOUNT OF OCCUPATIONAL PENSION FIELD
15 August 2013
HMRC has published details on correctly completing this field on a Full Payment Submission (FPS).
Real Time Information - Annual Amount of Occupational Pension field
HM Revenue & Customs have seen a small number of cases where no occupational pension is being paid and employers have entered 0.00 in the Annual Amount of Occupation field on their Full Payment Submission (FPS).
Entering 0.00 in this field indicates that an occupational pension is in payment, but the payment is nil. This could have a knock-on effect.
We know which PAYE schemes are affected by this issue and will correct those cases internally by the end of August. Those employers do not need to contact us in the meantime. If employers are not paying an occupational pension, they should leave this field blank and not enter 0.00.
REAL TIME INFORMATION – ANNUAL AMOUNT OF OCCUPATIONAL PENSION FIELD
19 August 2013
A few days ago HMRC published details on correctly completing the annual amount of occupational pension field on a Full Payment Submission (FPS). These details have since been updated.
HMRC’s updated version reads as follows:
Real Time information - completing the Annual Amount of Occupational Pension field
HM Revenue & Customs have seen a small number of cases where no occupational pension is being paid and employers have entered 0.00 in the Annual Amount of Occupation field on their Full Payment Submission (FPS).
Entering 0.00 in this field indicates that an occupational pension is in payment, but the payment is nil. This could have a knock-on effect.
If employers are not paying an occupational pension, they should leave this field blank and not enter 0.00.
Entering 0.00 in this field sets the occupational pension indicator on our records incorrectly. It has a knock-on impact for employees with student loan deductions, as it prompts an automated notification to the Student Loan Company from HMRC advising that an occupational pension being paid. This may result in the cessation of any further student loan deductions. HMRC has strengthened guidance, intends to correct those cases affected by the end of August 2013 and plans to enhance IT systems to prevent this occurring in the future. Those employers affected do not need to contact HMRC in the meantime.
What payroll information to report
CIPP Policy News Journal
16/04/2014, Page 338 of 519
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