Pensions Liberation: guidance note

This document provides guidance on new HM Revenue & Customs powers over pension liberation schemes.


Pensions Liberation: guidance note


As announced at Budget 2014, legislation will be introduced in Finance Bill 2014 to amend Finance Act 2004. This will give HM Revenue & Customs (HMRC) new powers to help prevent pension liberation schemes being registered and make it easier for HMRC to de-register such schemes. These changes include a provision that HMRC may refuse to register a scheme, or de-register an existing scheme if, in HMRC’s opinion, the scheme administrator is not a fit and proper person.

This document provides information about the changes, when they have effect, and what this means for scheme administrators and trustees.

Published 19 March 2014