Employment Tax

Reporting requirements for non-registered pension schemes

Produced by Tolley in association with John Hayward
  • 19 Oct 2021 23:25

The following Employment Tax guidance note Produced by Tolley in association with John Hayward provides comprehensive and up to date tax information covering:

  • Reporting requirements for non-registered pension schemes
  • Introduction
  • Reporting requirements and EFRBS
  • When the scheme starts
  • Annually when benefits are provided
  • Migrant member relief in relation to overseas pension schemes
  • Transfers to a registered pension scheme from an overseas pension scheme
  • Reporting requirements and QROPS
  • Non-reportable payments
  • Details to report
  • More...

Reporting requirements for non-registered pension schemes

Introduction

The non-registered pension schemes, in respect of which there are reporting requirements to HMRC, covered by this note are:

  1. Employer Financed Retirement Benefit Schemes (EFRBS)

  2. overseas pension schemes in respect of migrant member relief

  3. transfers from overseas pension schemes to the UK

  4. qualifying recognised overseas pension schemes (QROPS)

Reporting requirements and EFRBS

The relevant legislations are FA 2004, s 251(1)(a), (2)(e)–(f) and SI 2005/3453.

There are two main areas where information must be provided to HMRC, as follows:

  1. when the EFRBS started

  2. annually, when benefits are provided from the EFRBS

When the scheme starts

By 31 January, following the end of the tax year in which a scheme comes into operation, the following must be sent to HMRC:

  1. the name of the scheme

  2. the name and address of the responsible person

  3. the date the scheme came into operation

The named ‘responsible person’ is in charge of making this report and any subsequent annual reports. The ‘responsible person’ is defined in ITEPA 2003, s 399A.

A scheme ‘comes into operation’ on the first occasion when either of the following takes place:

  1. an employer contributes to the scheme

  2. benefits are provided from the scheme

The particulars required when a scheme starts should be sent to the trust office dealing with the trust through which the scheme operates, or if the scheme is not operated through a trust. The particulars should be sent to:

HMRC Pension Schemes Services (Technical Section)
Fitzroy House
Castle Meadow Road
Nottingham
NG2 1BD

Annually when benefits are provided

In addition, the following must be sent to HMRC annually by 7 July following the end of the tax year in which any relevant benefit is provided:

  1. the name, address and National Insurance number of the recipient of the relevant benefit

  2. the nature of the relevant benefit (eg if it is a pension payment or a lump sum)

  3. the amount of the relevant benefit

The list should be sent to the HMRC office that deals with any PAYE scheme operated by

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