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HMRC internal manual

Pensions Tax Manual

Information and administration: reportable events 18 and 21 to 23

Glossary PTM000001
   

Reportable event 18 from 2011-12 onwards: Scheme chargeable payment
Reportable event 21 2012-13 to 2014-15: Flexible drawdown arrangements
Reportable event 22 from 2014-15: Annual Allowance
Reportable event 23 from 2015-16: Dual annual Allowance

Regulation 3 The Registered Pension Schemes (Provision of Information) Regulations 2006 - SI 2006/567

Reportable event 18 from 2011-12 onwards: Scheme chargeable payment

This event occurs where the registered pension scheme is treated as having made a scheme chargeable payment under sections 185A or 185F Finance Act 2004 (income and gains from taxable property - see PTM125300 andPTM125400).

All that needs to be reported is the fact that the scheme is to be treated as having made a scheme chargeable payment.

Guidance on reportable event 18 for 2008-09 to 2010-11 can be found in the archived version of Registered Pension Schemes Manual held on the National Archives website (external readers please see http://webarchive.nationalarchives.gov.uk/*/http://hmrc.gov.uk/manuals/rpsmmanual/RPSM12301010.htm).

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Reportable event 21 2012-13 to 2014-15: Flexible drawdown arrangements

This event is only reportable on the Event Report for tax years 2012-13 to 2014-15. It occurs where drawdown pension or dependants’ drawdown pension is paid to a member or a dependant who has a flexible drawdown arrangement during the tax year.

The information that needs to be given for this event is:

  • the name and National Insurance number of the member or dependant (see PTM161200 if the scheme administrator doesn’t have this)
  • the total amount of drawdown pension (or dependants’ drawdown pension) paid under the arrangement to the member (or dependant) during the reporting year, and
  • the country or territory where the member or dependant’s sole or main address was situated on either:

    • the date the flexible drawdown declaration was made for the arrangement or,
    • if later, the date the first payment of drawdown pension was made to the member/dependant from the arrangement in the reporting year.

For tax year 2011-12, the same information should have been provided to HMRC as a written report. Form APSS 315 can be used for this purpose.

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Reportable event 22 from 2014-15: Annual Allowance

This event is reportable on the Event Report for the 2014-15 tax year onwards for pension input periods ending in 2013-14 and subsequent tax years. It occurs when the scheme administrator is required to give a standard pension savings statement to a scheme member automatically - see PTM167100.

No report is required if the member has requested a pension saving statement because the scheme administrator was not required to send one to them automatically.

The information that must be provided on the Event Report for reportable event 22 is:

  • the tax year for which the annual allowance was exceeded
  • the name and National Insurance number of the member (see PTM161200 if the scheme administrator doesn’t have this)
  • the total of the pension input amounts for the member for all their arrangements under the scheme for the relevant tax year.

The Event Report must be made for the tax year in which the pension savings statement is actually given to the member. The Event Report is, therefore, likely to be for a later tax year than the tax year for which the pension savings statement relates.

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Reportable event 23 from 2015-16: Dual annual Allowance

This event is reportable on the Event Report for the 2015-16 tax year onwards in respect of pension input periods ending in 2015-16 and subsequent tax years. It occurs when the scheme administrator is required to give a money purchase pension savings statement to a scheme member automatically - see PTM167100.

No report is required if the member has requested a pension saving statement because the scheme administrator was not required to send one to them automatically.

The information that must be provided on the Event Report for reportable event 23 is:

  • the tax year for which the pension savings statement was issued
  • the name and National Insurance number of the member (see PTM161200 if the scheme administrator doesn’t have this)
  • the total of the member’s pension input amounts under the scheme for the relevant tax year for all:

    • their money purchase arrangements , plus
    • their hybrid arrangements where the highest possible pension input amount is the other money purchase input amount or cash balance input amount
  • the total of the member’s pension input amounts under the scheme for the relevant tax year for all:

    • their defined benefits arrangements, plus
    • any hybrid arrangements that were made before 14 October 2014 (and did not become a hybrid arrangement on or after that date) where the highest possible pension input amount is the defined benefits input amount.

PTM053500 explains how the pension input amount is found for a hybrid arrangement by taking the highest input amount for the possible benefit options. If under the hybrid arrangement for the relevant tax year:

  • one of the benefit options is defined benefits, and
  • the defined benefit pension input amount is equal to either the pension input amount for a cash balance or other money purchase benefit (whichever is the highest)

the pension input amount under the hybrid arrangement for the relevant tax year is treated as a money purchase input amount.

The Event Report must be made for the tax year in which the pension savings statement is actually given to the member. The Event Report is, therefore, likely to be for a later tax year than the tax year for which the pension savings statement relates.