PTM160300 - Information and administration: essential principles: summary of scheme administrator information obligations

Glossary PTM000001
 

The Registered Pension Schemes (Provision of Information) Regulations 2006 - SI 2006/567

Section 250 Finance Act 2004

The scheme administrator is required to retain records relating to the administration of the scheme, for example records of payment into and out of the scheme, for at least six tax years following the year to which the record relates. PTM160200 gives full details of the record keeping requirement.

The table below show the events where a scheme administrator has to provide information to another person.

Sometimes other persons are also obliged to provide information to the scheme administrator, this may be from

• scheme members - see PTM160400,
• employers - see PTM160500, and
• scheme managers of qualifying recognised overseas pension schemes (QROPS) or former QROPS - see PTM166700.

To	Subject	PTM guidance
HMRC	Event Report	PTM161000
HMRC	Accounting for Tax return (AFT)	PTM162000
HMRC	Pension Scheme Return (PSR)	PTM163000
HMRC	Scheme winding-up	PTM168000
HMRC	Ceasing to be a scheme administrator	PTM168000
HMRC	Unauthorised borrowing	PTM168000
HMRC	Transfer to a QROPS	PTM103000
Member	Pension savings statements	PTM167000
Member	BCE statements	PTM164400
Member	relevant BCE statements	PTM164600
Member	Individual protection 2016 information	PTM164120
Member	Benefits in kind - unauthorised payments	PTM168000
Member	Flexible access statement	PTM166200
Member	Transfer to a QROPS - notify member's information requirement	PTM103000
Member	Transfer to a QROPs - transfer notice	PTM103050
Member	Repayment of the overseas transfer charge due	PTM103050
Member’s personal representatives/ receiving trust	Death benefits	PTM165100 and PTM165200
Other scheme administrator	Transfer of crystallised rights	PTM109000
Other scheme administrator	Transfer & reason to believe the member has flexibly accessed their pension rights	PTM166700
QROPS scheme manager	Transfer & reason to believe the member has flexibly accessed their pension rights	PTM166700
QROPS scheme manager	Transfer to a QROPS - transfer statement	PTM103050
QROPS scheme manager	Repayment of overseas transfer charge	PTM103050
Insurance company	Transfer of crystallised rights to an insurance company	PTM109000

Guidance on the operation of the relief at source system and information requirements is published on GOV.UK as follows:

• Reclaiming tax relief: https://www.gov.uk/pension-administrators-reclaim-tax-relief-using-relie...
• RAS annual information returns: https://www.gov.uk/pension-administrators-ras-annual-information-returns.