HMRC is aware of an issue with bulk uploading on the Guaranteed Minimum Pension (GMP) checker. This issue should be resolved by 26 May 2017.
This message was published on the Guaranteed Minimum Pension checker: service availability and issues page.
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Pension schemes Scottish Rate of Income Tax newsletter 16 May 2017
This newsletter is published by HMRC’s Pension Schemes Services to update stakeholders on the latest news for pension schemes in relation to the effect of the Scottish Rate of Income Tax.
The introduction of the Scottish rate of Income Tax means that pension scheme members receive tax relief on their contributions based on their residency tax status. For scheme administrators operating relief at source pension schemes, if the Scottish rate of Income Tax differs from the rest of UK rate, this affects the amount of tax relief given to each member.
From January 2018, HMRC will tell pension scheme administrators operating relief at source pension schemes their individual scheme members’ residency tax status.
Read the May issue of the Pension schemes Scottish Rate of Income Tax newsletter for information on:
Using the Secure Data Exchange Service Advisory reports Notification of individual scheme members’ residency tax status - January 2018 Residency tax status look up service
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Andrew Warwick-Thompson to leave TPR 17 May 2017
The Pensions Regulator (TPR) has confirmed that Andrew Warwick-Thompson will leave his post of Executive Director for Regulatory Policy and join LGPS Central as CEO.
Mr Warwick-Thompson joined the Board of TPR as an Executive Director in 2013 where he has been responsible for shaping regulatory policy across TPR’s defined benefit and defined contribution scheme work, including master trusts, and has overseen its risk and data functions. Lesley Titcomb, Chief Executive of TPR said: “I want to congratulate Andrew on his new role and wish him all the best for the future. I know he will demonstrate the same energy and commitment we have benefited from at TPR over the last few years. We have a dedicated and expert team at TPR who will continue to shape policy which helps to protect members of workplace pension schemes.” Mr Warwick-Thompson said: “I have hugely enjoyed my time at TPR, not least because of the calibre of people I have had the opportunity to work with. I know that the team of people I leave behind will continue to work with commitment and drive. I care deeply about making pensions work for people and will relish the opportunity to continue that work in my new role.”
Mr Warwick-Thompson will join LGPS Central in July and TPR will announce a successor in due course.
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The Chartered Institute of Payroll Professionals
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