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HMRC internal manual

Pensions Tax Manual

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 Lifetime Allowance charge due PTM164300
Member Individual protection 2016 information PTM164120
Member Benefits in kind - unauthorised payments PTM168000
Member Flexible access statement PTM166200
Member Transfer to a QROPS PTM103000
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
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: