On the 31st of October, HMRC published its Pension Schemes newsletter 104, updating stakeholders on the latest news for pension schemes. This has articles on:
- The 2019/20 lifetime allowance, as announced at the Autumn Budget 2018
- The latest pension flexibility statistics
- The latest registration of new pension schemes statistics
- New features, reporting and user research on the Manage and Register Pension Schemes service
- Confirmation that P6 tax codes will no longer be issued to beneficiaries in receipt of death benefits that are entirely non-taxable
- Updates on relief at source administration, specifically registration via the Secure Data Exchange Service (SDES) and draft legislation for the Welsh rates of income tax (WRIT)
- Making a non-statutory clearance application
- Applications to register a pension scheme
- Transfers between registered pension schemes
- Reporting a transfer from a UK registered pension scheme to a qualifying recognised overseas pension scheme (QROPS)
- Master Trusts registration with the Pensions Regulator (tPR)
- The operation of PAYE on pension payments
On the 31st of October, HMRC published its Pension Schemes newsletter 104, updating stakeholders on the latest news for pension schemes. This has articles on:
- The 2019/20 lifetime allowance, as announced at the Autumn Budget 2018
- The latest pension flexibility statistics
- The latest registration of new pension schemes statistics
- New features, reporting and user research on the Manage and Register Pension Schemes service
- Confirmation that P6 tax codes will no longer be issued to beneficiaries in receipt of death benefits that are entirely non-taxable
- Updates on relief at source administration, specifically registration via the Secure Data Exchange Service (SDES) and draft legislation for the Welsh rates of income tax (WRIT)
- Making a non-statutory clearance application
- Applications to register a pension scheme
- Transfers between registered pension schemes
- Reporting a transfer from a UK registered pension scheme to a qualifying recognised overseas pension scheme (QROPS)
- Master Trusts registration with the Pensions Regulator (tPR)
- The operation of PAYE on pension payments