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or becomes a Master Trust scheme, with effect for tax year 2018/19 and subsequent tax years.
These Regulations come into force on 30 January 2018, after which date the Pensions Tax Manual will be updated.
Online Event Reporting
It is to be hoped that HMRC can . . .
09 Jan 2018
example, revaluation and indexation) that would have been afforded to members if the transfer were to a formerly contracted-out scheme.
The receiving scheme need not necessarily be a newly-established scheme (though it generally will be) but it must be a salary-related scheme.
Back in April 2017, the DWP promised . . .
08 Jan 2018
As the annual return of individual information will be a statutory requirement for schemes operating relief at source, HMRC will no longer need to issue information notices.
On applying the residency tax status in cases of transfer, HMRC has backtracked on something previously said in PSN 90. It said that if a scheme administrator takes over an existing scheme where the membership stays the same, residency tax statuses provided by the ceasing
after reading the detail of that first pay slip.
The upper age limit will remain aligned to State Pension Age (SPA), but this will be kept under review.
Remove lower limit on earnings for calculating contributions
The Review proposes that, for the purposes of the AE thresholds, the . . .
27 Dec 2017