Reporting requirements of a registered pension scheme

The registered pension scheme Administrator must tell HMRC when certain events occur. The event report is used to notify HMRC of these ‘reportable events’ for a tax year, using its Pension Schemes Online  facility. On 4 June 2018, HMRC launched the first phase of its new Manage and Register Pensions schemes  service. In time, this will replace the Pensions Schemes Online service. This service will continue to develop during 2018. For more information, see the Manage and Register Pensions Schemes service newsletter ― June 2018 .

This note also considers scheme deregistration and the associated consequences.

Where reportable events occur in a tax year, the scheme Administrator is required to provide an event report giving details of those events.

These are:

• •unauthorised payments ― the scheme makes or is treated as making an unauthorised member payment or an unauthorised employer payment
• •payments exceeding 50% of the standard lifetime allowance ― the scheme makes a lump sum death benefit payment following the death of a scheme member, and that payment, either alone or when aggregated with other such payments from the scheme, amounts to more than 50% of the standard lifetime allowance applicable at the time of the member’s death
• •early provision of benefits ― the scheme provides benefits to a member who is under age 55 when the benefit was paid and where the member was, either in the year in which he was provided with benefits or in any of the preceding six years, a director or a person connected with the director of an employer sponsoring the scheme (or of an associated company)
• •serious ill health lump sum ― a