Policy News Journal - 2013-14

Contracted-out Salary Related (COSR): 03000 553574 - Dealing with COSR Scheme members prior to State Pension Age

DWP – GOVERNMENT RESPONSE TO CONSULTATION ON SIMPLIFIED DISCLOSURE REGIME

31 July 2013

The Department for Work & Pensions have published the government response to the consultation held on the Occupational and Personal Pensions Schemes (Disclosure of Information) regulations 2013. In the government response to the consultation it is stated that the intention is that regulations will be made and laid in Parliament as soon as possible following recess and come in to force on 6 April 2014.

HMRC PUBLISHES PENSIONS NEWSLETTER NUMBER 58

13 August 2013

HMRC has published the August 2013 edition of the HMRC Pension Schemes Services Newsletter. Topics covered include:

 Fixed Protection 2014 – Do it Online  Fixed protection 2012 – applications by relieved members of relieved non-UK pension schemes  Individual Protection 2014  Legislation

The newsletter is available to view on HMRC’s website

NEW QROPS FORMS APSS 262 AND APSS 263

13 August 2013

If you deal with Qualifying Recognised Overseas Pensions Schemes (QROPS) you need to be aware that forms APSS 262 and APSS 263 have been amended and should be used for all QROPS from 12 August 2013.

 APSS 262 - Transferring UK tax-relieved pension assets  APSS 263 - Member information

The forms have been amended due to new Registered Pension Schemes (Provision of Information)(Amendment) Regulations 2013 (SI1742/13).

The new regulations for recognised transfers apply to transfer requests made by the member from 12 August 2013.

For member transfer requests made before 12 August 2013 you may not have the information you need to complete questions 6 and 9 on new form APSS262.

Question:

 6 - member's date of birth  9 - the date the member left the UK, if their principle residential address is overseas

CIPP Policy News Journal

16/04/2014, Page 432 of 519

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