Pensions legislation taking effect on 1 and 6 April 2016—a round up

Table of contents

• Contracting-out
• Legislative changes necessary to implement the abolition of DB contracting-out
• Legislation resulting from the end of contracting out for salary-related occupational pension schemes from 6 April 2016
• Taxation
• Annual allowance tapering
• Change to special lump sum death benefit charge
• Alignment of bridging pensions tax rules with new single-tier state pension
• Lifetime allowance
• Registered Pension Schemes (Provision of Information) (Amendment) Regulations 2016
• Simplifying when a dependants' scheme pension will be payable

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Article summary

Pensions analysis: This report provides a convenient summary of the pensions legislation coming into force on 1 and 6 April 2016, including in relation to the end of defined benefit (DB) contracting-out and consequential statutory amendments, auto-enrolment, taxation, occupational pension schemes, the Pension Protection Fund, defined contribution (DC) governance, public sector pensions, pensions and divorce, surplus payments to employers, scheme accounts and qualifying recognised overseas pension schemes.