[UK] Pension Schemes Newsletter July 2019

HMRC’s Pension Schemes Services publishes a newsletter at the end of each month to update stakeholders on the latest news for pension schemes.  The July 2019 newsletter has the following articles:

• A reminder to scheme administrators that the deadline for submitting the 2018 to 2019 annual return of information was the 5^thof July 2019 and any repayments will be withheld until it is submitted
• Information about reporting excess Relief at Source tax relief and transitional arrangements that apply up to an including the 2020/21 tax year
• The latest pension flexibility statistics
• A reminder to scheme administrators the 2018/19 annual allowance pension savings statements must be issued by the 6th of October 2019
• A reminder for pension scheme members that they must include pension on their self-assessment returns where they have exceeded the annual allowance for 2018/19. There are also updates to gov.uk guidance on the annual allowance documented
• Details of the Pension Regulator’s (TPR) consultation on the future of pension trusteeship that is open until the 24^thof September 2019
• Information that the “Transfers to Qualifying Recognised Overseas Pension Schemes” pageon gov.uk has been updated to include 2018/19 data
• about   that Inclusion of the technical specificationsof the “Notification of residency status report“

As we always say when publicising these newsletters, for UK professionals with an involvement in pensions, the Global Payroll Association recommends this as essential reading.

HMRC’s Pension Schemes Services publishes a newsletter at the end of each month to update stakeholders on the latest news for pension schemes.  The July 2019 newsletter has the following articles:

• A reminder to scheme administrators that the deadline for submitting the 2018 to 2019 annual return of information was the 5^thof July 2019 and any repayments will be withheld until it is submitted
• Information about reporting excess Relief at Source tax relief and transitional arrangements that apply up to an including the 2020/21 tax year
• The latest pension flexibility statistics
• A reminder to scheme administrators the 2018/19 annual allowance pension savings statements must be issued by the 6th of October 2019
• A reminder for pension scheme members that they must include pension on their self-assessment returns where they have exceeded the annual allowance for 2018/19. There are also updates to gov.uk guidance on the annual allowance documented
• Details of the Pension Regulator’s (TPR) consultation on the future of pension trusteeship that is open until the 24^thof September 2019
• Information that the “Transfers to Qualifying Recognised Overseas Pension Schemes” pageon gov.uk has been updated to include 2018/19 data
• about   that Inclusion of the technical specificationsof the “Notification of residency status report“

As we always say when publicising these newsletters, for UK professionals with an involvement in pensions, the Global Payroll Association recommends this as essential reading.