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HMRC internal manual

Pensions Tax Manual

Updates: Pensions Tax Manual

2015

published amendments

The lifetime allowance and the lifetime allowance charge: benefit crystallisation events: performing the lifetime allowance test on a benefit crystallisation event (BCE)
dependants in bold
The lifetime allowance and the lifetime allowance charge: benefit crystallisation events: benefit crystallisation events overview
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published amendments

The lifetime allowance and the lifetime allowance charge: benefit crystallisation events: performing the lifetime allowance test on a benefit crystallisation event (BCE)
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published amendments

International: UK tax charges on non UK schemes: the member payment charges and taxable property charges: the taxable property unauthorised payment charge
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The scheme administrator: essential principles
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The lifetime allowance and the lifetime allowance charge: benefit crystallisation events: benefit crystallisation events overview
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Formatting changes. No change to text.
Unauthorised payments: essential principles
Formatting amendments only. No change to text.
Unauthorised payments: deemed or specific situations that are unauthorised payments: overview
Made edit to fix missing links
Transfers: essential principles
Formatting amendment only. No change to text.
Protection from the lifetime allowance charge: essential principles
Formatting amendments. Table contents at 'More than one type of Protection' changed from ticks and crosses to yes and no entries. No text amended.
International: definition of a qualifying overseas pension scheme
Formatting amendment. No change to text.
Formatting amendment. No change to text.
General principles: overview of pensions taxation: taxation of pension income payments
Formatting amendment. No change to text.
Information and administration: essential principles: summary of scheme administrator information obligations
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Formatting amended. No content changed.
Formatting changes. No change to content.

published amendments

Annual allowance: tax charge: scheme pays: adjustment to member’s benefits
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Annual allowance: tax charge: scheme pays: member becomes entitled to all benefits (or BCE 5, 5A or 5B occurs)
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Annual allowance: tax charge: scheme pays: amended member notices
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Annual allowance: tax charge: scheme pays: deadlines
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Annual allowance: tax charge: scheme pays: member notice requirements
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Annual allowance: tax charge: scheme pays: general
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Annual allowance: tax charge: telling HMRC
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Annual allowance: tax charge: rate of tax charge: terms used
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Annual allowance: tax charge: rate of tax charge: general
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Annual allowance: carry forward: calculating unused annual allowance
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Annual allowance: carry forward: general
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Annual allowance: pension input amounts: pre-6 April 2006 Inland Revenue maximum limits
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Annual allowance: pension input amounts: carry forward from 2008-09, 2009-10, 2010-11
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- Annual allowance: pension input amounts: annual allowance reduces during a pension input period
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Annual allowance: pension input amounts: deferred members: further details
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Annual allowance: pension input amounts: deferred members: ‘relevant percentage’ and ‘relevant statutory increase percentage’
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Annual allowance: pension input amounts: deferred members: general
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Annual allowance: pension input amounts: backdated pay rises
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Annual allowance: pension input amounts: adjustments to closing values: Scheme pays for tax year in which member becomes entitled to all benefits under the scheme or BCE 5, 5A or 5B occurs
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Annual allowance: pension input amounts: adjustments to closing values: block transfers
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Annual allowance: pension input amounts: adjustments to closing values: further detail
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Annual allowance: pension input amounts: valuation assumptions: general
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Annual allowance: pension input amounts: hybrid arrangements
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Annual allowance: pension input amounts: cash balance arrangements
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Annual allowance: pension input amounts: defined benefits arrangements: bridging pensions: exchanging for at normal pension age
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Annual allowance: pension input amounts: defined benefits arrangements: bridging pensions: prospective entitlement
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Annual allowance: pension input amounts: defined benefits arrangements: worked examples: late retirement actuarial uplifts for active members
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Annual allowance: pension input amounts: defined benefits arrangements: worked examples: ‘split normal pension ages’
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Annual allowance: pension input amounts: defined benefits arrangements: general
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Annual allowance: pension input amounts: other money purchase arrangements
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Information and administration: information notices and inspection powers for registered pension schemes and employer-financed retirement benefits schemes
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Information and administration: other information requirements for scheme administrators
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Information and administration: other information requirements for scheme administrators: information needed from third parties
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Information and administration: other information requirements for scheme administrators: pension savings statements requested by the member
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Information and administration: other information requirements for scheme administrators: information that must be included in the pension savings statement
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Information and administration: other information requirements for scheme administrators: pension savings statements provided automatically to the member
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Annual allowance: pension input amounts: valuing for different types of arrangement
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Annual allowance: pension input periods: first pension input period started before 6 April 2011
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Information and administration: information requirements when a member flexibly accesses their benefits: action a member must take if they had a flexible drawdown pension fund before 6 April 2015
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Information and administration: information requirements when a member flexibly accesses their benefits: action a member must take if they receive a flexible access statement
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Information and administration: information requirements when a member flexibly accesses their benefits: information overseas scheme managers must give to a member when they flexibly access benefits
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Information and administration: information requirements when a member flexibly accesses their benefits: information the scheme administrator must provide to a member when they flexibly access benefits
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Information and administration: information requirements when a member flexibly accesses their benefits: overview of the information requirements when a member flexibly accesses their benefits
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Annual allowance: pension input periods
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Information and administration: requirement to provide a BCE statement to the member
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Information and administration: overview of the information requirements in respect of the lifetime allowance
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Annual allowance: pension input periods: annual allowance reduces during a pension input period
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Annual allowance: pension input periods: nominating the end date for a pension input period
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Information and administration: payment of tax reported on the Accounting for Tax return (AFT) and what happens if the tax is paid late
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Annual allowance: pension input periods: hybrid arrangements
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Annual allowance: pension input periods: defined benefits and cash balance arrangements
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Annual allowance: pension input periods: other money purchase arrangements
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Annual Allowance: essential principles: information to member
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Information and administration: the Accounting for Tax return: essential principles
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Information and administration: reportable events 18 and 21 to 23
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Information and administration: reportable events 8 to 9
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Information and administration: reportable events 1 to 5
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Annual allowance: essential principles
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Annual allowance: essential principles: flexible drawdown
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Annual Allowance: essential principles: undoing pension input amounts
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Annual allowance: essential principles: enhanced protection
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Annual allowance: essential principles: annual allowance changes during a pension input period
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Annual allowance: essential principles: when the annual allowance charge does not apply
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Information and administration: the event report: essential principles
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Information and administration: essential principles: penalties for failing to comply with an information requirement or providing inaccurate information
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Contributions: refunds of contributions
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Information and administration: essential principles: information requirements for qualifying recognised overseas pension schemes (QROPS) and former QROPS
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Information and administration: essential principles: information requirements for employers
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Information and administration: essential principles: scheme member information requirements
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Information and administration: essential principles: retention of records
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Information and administration: essential principles: information and administration overview
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Contributions: tax relief for members: methods: net pay
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Contributions: tax relief for members: methods: relief at source
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Contributions: tax relief for members: methods: claims
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Contributions: tax relief for members: methods: introduction
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Contributions: tax relief for members: conditions
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Contributions: tax relief for employers: asset backed contributions: treatment of existing arrangements at 29 November 2011 and 22 February 2012
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Contributions: tax relief for employers: asset backed contributions: asset-backed contributions paid between 29 November 2011 and 21 February 2012 inclusive
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Contributions: tax relief for employers: asset backed contributions: contents
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Contributions: tax relief for employers: asset backed contributions: overview
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Contributions: tax relief for employers: asset backed contributions: asset-backed contributions paid on or after 22 February 2012
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Contributions: tax relief for employers: conditions
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Contributions: tax relief for employers: introduction
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Contributions: the nature of contributions: introduction
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Contributions: the nature of contributions: payments for members
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Contributions: essential principles
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Registration: de-registration: consequences of de-registration
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Registration: de-registration: the circumstances where HMRC is able to de-register a scheme
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Registration: de-registration: de-registering a pension scheme
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Registration: registering a pension scheme: HMRC decides not to register the scheme
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Registration: registering a pension scheme: HMRC registers the scheme
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Registration: registering a pension scheme: what HMRC does after the application has been made
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Registration: registering a pension scheme: applying to register a pension scheme
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Registration: essential principles: conditions for registering a pension scheme
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Registration: essential principles: schemes that are automatically registered pension schemes
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Registration: essential principles: overview
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General principles: Divorce and pension benefits
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General principles: Pension age
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General principles: connected persons
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General principles: overview of payments
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General principles: parties to a pension scheme: authorised practitioner
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General principles: parties to a pension scheme: member
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General principles: parties to a pension scheme: employer
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General principles: parties to a pension scheme: trustee
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General principles: parties to a pension scheme: scheme administrator
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General principles: overview of pensions taxation: taxation of authorised and unauthorised payments
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General principles: overview of pensions taxation: taxation of pension income payments
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General principles: overview of pensions taxation: investments
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General principles: overview of pensions taxation: annual allowance and lifetime allowance charges
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General principles: overview of pensions taxation: contributions
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General principles: overview of pensions taxation: the basics
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General principles: arrangements: cash balance and other money purchase arrangement differences
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General principles: arrangements: cash balance arrangements
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General principles: arrangements: money purchase and defined benefits arrangements
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General principles: arrangements: hybrid arrangements
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General principles: arrangements: types of arrangement
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General principles: arrangements: what is meant by an arrangement
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General principles: types of pension schemes
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General principles: meaning of pension scheme
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About this manual: feedback on this manual
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About this manual: other information sources
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About this manual: introduction
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About this manual: giving advice to customers
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Glossary
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published amendments

International: the lifetime allowance charge and non-UK schemes: essential principles
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Investments: loans: loans to sponsoring employers
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Protection from the lifetime allowance charge: lifetime allowance enhancement factors: Non-residence factor: basic principles
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Protection from the lifetime allowance charge: lifetime allowance enhancement factors: pension credit factor
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Protection from the lifetime allowance charge: lifetime allowance enhancement factors: overview
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Protection from the lifetime allowance charge: individual protections 2014 and 2016: examples of taking benefits with individual protection 2014
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Protection from the lifetime allowance charge: individual protections 2014 and 2016: pension debits
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Investments: taxable property: residential property
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Protection from the lifetime allowance charge: individual protections 2014 and 2016: valuing pensions savings for individual protection 2014
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Protection from the lifetime allowance charge: individual protections 2014 and 2016: applying for individual protection 2014
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Unauthorised payments: the scheme sanction charge: reporting and paying the scheme sanction charge
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Protection from the lifetime allowance charge: individual protections 2014 and 2016: essential principles
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Unauthorised payments: the scheme sanction charge: essential principles
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Protection from the lifetime allowance charge: fixed protection, fixed protection 2014 and fixed protection 2016: making contributions to an arrangement once a member has any of the protections
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Protection from the lifetime allowance charge: fixed protection, fixed protection 2014 and fixed protection 2016: testing for benefit accrual
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International: Overseas membership of a registered pension scheme
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Protection from the lifetime allowance charge: fixed protection, fixed protection 2014 and fixed protection 2016: the “relevant percentage”
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Unauthorised payments: the unauthorised payments charge and the unauthorised payments surcharge: surchargeable unauthorised member payments
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Unauthorised payments: the unauthorised payments charge and the unauthorised payments surcharge: reporting and paying the charges
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Protection from the lifetime allowance charge: fixed protection, fixed protection 2014 and fixed protection 2016: benefit accrual: defined benefits arrangements - aspects of ‘benefit accrual’
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Unauthorised payments: the unauthorised payments charge and the unauthorised payments surcharge: essential principles
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Unauthorised payments: deemed or specific situations that are unauthorised payments: benefits in kind: wasting assets
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Protection from the lifetime allowance charge: fixed protection, fixed protection 2014 and fixed protection 2016: benefit accrual: what is “benefit accrual”?
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Unauthorised payments: deemed or specific situations that are unauthorised payments: benefits in kind: cars and van benefits and fuel
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Protection from the lifetime allowance charge: fixed protection, fixed protection 2014 and fixed protection 2016: losing the protection
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Unauthorised payments: deemed or specific situations that are unauthorised payments: benefits in kind: living accommodation
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International: UK tax charges on non UK schemes: the annual allowance charge and non-UK schemes: pension input amounts for other money purchase arrangements
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Protection from the lifetime allowance charge: fixed protection, fixed protection 2014 and fixed protection 2016: arrangements in overseas pension schemes
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Unauthorised payments: deemed or specific situations that are unauthorised payments: benefits in kind: valuation - cash equivalent or annual values
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International: UK tax charges on non UK schemes: the annual allowance charge and non-UK schemes: pension input amounts for cash balance arrangements and defined benefits arrangements
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Unauthorised payments: deemed or specific situations that are unauthorised payments: benefits in kind: overview
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Protection from the lifetime allowance charge: fixed protection, fixed protection 2014 and fixed protection 2016: applying for fixed protection or fixed protection 2014
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International: UK tax charges on non UK schemes: the annual allowance charge and non-UK schemes: the annual allowance charge and non-UK schemes: essential principles
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Protection from the lifetime allowance charge: fixed protection, fixed protection 2014 and fixed protection 2016: essential principles
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Protection from the lifetime allowance charge: protecting pre April 2006 pension benefits: enhanced protection: relevant benefit accrual
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Member benefits: lump sums: serious ill-health lump sum
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Protection from the lifetime allowance charge: protecting pre April 2006 pension rights: enhanced protection: cessation
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Member benefits: lump sums: uncrystallised funds pension lump sum (UFPLS)
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International: UK tax charges on non UK schemes: the member payment charges and taxable property charges: attributing payments to particular funds under a relevant non-UK scheme
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Member benefits: lump sums: pension commencement lump sums (PCLS): payment of pension commencement lump sum after death
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Member benefits: lump sums: Pension commencement lump sum (PCLS): excess lump sums paid to member in error
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Protection from the lifetime allowance charge: protecting Pre-April 2006 pension rights: enhanced protection: overview
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Member benefits: lump sums: Pension commencement lump sum (PCLS): available portion
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International: UK tax charges on non UK schemes: the member payment charges and taxable property charges: definition of UK tax-relieved fund, relevant transfer fund and taxable asset transfer fund
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Member benefits: lump sums: Pension commencement lump sum (PCLS): applicable amount
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Unauthorised payments: deemed or specific situations that are unauthorised payments: increase in rights of a connected person on death
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International: UK tax charges on non UK schemes: the member payment charges and taxable property charges: the member payment charges: basic principles
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Member benefits: lump sums: Pension commencement lump sum (PCLS): general limits information
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Member benefits: lump sums: Pension commencement lump sum (PCLS): conditions and entitlement
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Member benefits: lump sums: Pension commencement lump sum (PCLS): payments
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Unauthorised payments: deemed or specific situations that are unauthorised payments: recycling of pension commencement lump sums: deemed unauthorised payment and taxation
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International: overview of when UK tax charges apply to non-UK schemes
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Member benefits: lump sums: protection of pre-6 April 2006 lump sum rights: scheme-specific lump sum protection - transfers and winding-up
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Protection from the lifetime allowance charge: protecting Pre-April 2006 pension rights: primary protection
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Death benefits: Types of pension: dependants’ drawdown pension: dependants’ capped drawdown pension (up to 5 April 2015)
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Protection from the lifetime allowance charge: Protecting Pre-April 2006 pension rights: divorce
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Member benefits: lump sums: protection of pre-6 April 2006 lump sum rights: scheme-specific lump sum protection - valuation
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Unauthorised payments: Deemed or specific situations that are unauthorised payments: recycling of pension commencement lump sums: overview
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International: qualifying recognised overseas pension schemes (QROPS): reporting by former QROPS
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Protection from the lifetime allowance charge: essential principles
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International: qualifying recognised overseas pension schemes (QROPS): QROPS reporting requirements
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International: qualifying recognised overseas pension schemes (QROPS): re-notifying QROPS status
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Member benefits: lump sums: protection of pre-6 April 2006 lump sum rights: scheme-specific lump sum protection - overview
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Member benefits: lump sums: protection of pre-6 April 2006 lump sum rights: enhanced protection and lump sum protection
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International: qualifying recognised overseas pension schemes (QROPS): exclusion and other loss of QROPS status
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Member benefits: lump sums: protection of pre-6 April 2006 lump sum rights: primary protection and lump sum protection
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International: qualifying recognised overseas pension schemes (QROPS): the published list of notifications that a scheme meets the ROPS conditions
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The lifetime allowance and the lifetime allowance charge: benefit crystallisation events: each of the benefit crystallisation events (BCEs) in detail: BCE 9 prescribed authorised member payments
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Unauthorised payments: deemed or specific situations that are unauthorised payments: surrender of rights or benefits
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Member benefits: pensions: pension payments authorised by regulations
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The lifetime allowance and the lifetime allowance charge: benefit crystallisation events: each of the benefit crystallisation events (BCEs) in detail: BCE 8 transfer to QROPS
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Death benefits: types of pension: beneficiary's flexi-access drawdown from 6 April 2015: where a dependant had designated funds in an arrangement into a dependant’s capped drawdown pension fund before 6 April 2015
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Member benefits: pensions: drawdown pension rules applying from 6 April 2015: flexi-access drawdown fund - where member had designated funds in an arrangement into a capped drawdown pension fund before 6 April 2015
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International: qualifying recognised overseas pension schemes (QROPS): what is an overseas pension scheme
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The lifetime allowance and the lifetime allowance charge: benefit crystallisation events: each of the benefit crystallisation events (BCEs) in detail: BCE 7 relevant lump sum death benefits
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International: qualifying recognised overseas pension schemes (QROPS): introduction
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Member benefits: pensions: drawdown pension rules applying from 6 April 2015: flexi-access drawdown fund - where member had designated funds in an arrangement into a flexible drawdown pension fund before 6 April 2015
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Death benefits: types of pension: beneficiary's flexi-access drawdown from 6 April 2015: where a beneficiary had not designated funds in an arrangement into a drawdown pension fund before 6 April 2015
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Member benefits: pensions: drawdown pension rules applying from 6 April 2015: flexi-access drawdown fund - where member had not designated funds in an arrangement into a drawdown pension fund before 6 April 2015
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The lifetime allowance and the lifetime allowance charge: benefit crystallisation events: each of the benefit crystallisation events (BCEs) in detail: BCE 6 relevant lump sums
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Member benefits: pensions: drawdown pension rules applying from 6 April 2015: a short-term annuity from 6 April 2015
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Death benefits: types of pension: beneficiary's flexi-access drawdown from 6 April 2015: a beneficiary's short-term annuity from 6 April 2015
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Member benefits: pensions: drawdown pension rules applying from 6 April 2015: drawdown pensions - changes from 6 April 2015
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International: qualifying recognised overseas pension schemes (QROPS): what makes a scheme a QROPS
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Member benefits: pensions: drawdown pension rules immediately before 6 April 2015: short-term annuities (up to 5 April 2015)
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Unauthorised payments: what is an unauthorised payment?
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The lifetime allowance and the lifetime allowance charge: benefit crystallisation events: each of the benefit crystallisation events (BCEs) in detail: BCE 5C and BCE 5D relevant unused uncrystallised funds applied for drawdown or annuity following a death
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Member benefits: pensions: drawdown pension rules immediately before 6 April 2015: flexible drawdown pensions - other issues (up to 5 April 2015)
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Member benefits: pensions: drawdown pension rules immediately before 6 April 2015: flexible drawdown pensions - making a declaration (up to 5 April 2015)
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Member benefits: pensions: drawdown pension rules immediately before 6 April 2015: flexible drawdown pensions - minimum income requirement (position up to 5 April 2015)
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The lifetime allowance and the lifetime allowance charge: benefit crystallisation events: each of the benefit crystallisation events (BCEs) in detail: BCE 5, 5A and 5B age 75
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Death benefits: types of pension: beneficiary’s flexi-access drawdown from 6 April 2015: changes from 6 April 2015
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Member benefits: pensions: drawdown pension rules immediately before 6 April 2015: flexible drawdown pensions (up to 5 April 2015)
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Investments: taxable property: indirect holdings
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Member benefits: pensions: drawdown pension rules immediately before 6 April 2015: capped drawdown pension - using drawdown funds to provide other forms of pension (position immediately before 6 April 2015)
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International: procedure for notification of benefit crystallisation events
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The lifetime allowance and the lifetime allowance charge: Liability for the lifetime allowance charge in the member’s lifetime
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The lifetime allowance and the lifetime allowance charge: benefit crystallisation events: each of the benefit crystallisation events (BCEs) in detail: BCE 4 purchase of a lifetime annuity
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Member benefits: pensions: drawdown pension rules immediately before 6 April 2015: capped drawdown pension - review triggered by specific events (position immediately before 6 April 2015)
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Death benefits: Types of pension: dependants' drawdown pension: Death of the dependant (up to 5 April 2015)
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The lifetime allowance and the lifetime allowance charge: benefit crystallisation events: each of the benefit crystallisation events (BCEs) in detail: BCE 3 increase to a scheme pension in payment
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Death benefits: types of pension: dependants' drawdown pension: dependants’ short-term annuities (up to 5 April 2015)
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Death benefits: types of pension: dependants’ drawdown pension: dependants’ flexible drawdown pension (up to 5 April 2015)
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International: claims procedure
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International: double taxation relief
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International: transitional corresponding relief
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The lifetime allowance and the lifetime allowance charge: benefit crystallisation events: each of the benefit crystallisation events (BCEs) in detail: BCE 2 entitlement to a scheme pension
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The lifetime allowance and the lifetime allowance charge: benefit crystallisation events: each of the benefit crystallisation events (BCEs) in detail: BCE 1 designation of funds for drawdown pension during the member's lifetime
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Death benefits: types of pension: dependants’ drawdown pension: all types of dependants’ drawdown pension (up to 5 April 2015)
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International: migrant member relief
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Death benefits: types of pension: beneficiary's annuity
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Member benefits: pensions: drawdown pension rules immediately before 6 April 2015: capped drawdown pension - reviewing the maximum annual amount from age 75 (position immediately before 6 April 2015)
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Member benefits: pensions: drawdown pension rules immediately before 6 April 2015: capped drawdown pension - reviewing the maximum annual amount before age 75 (position immediately before 6 April 2015)
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Death benefits: types of pension: dependants' scheme pension: limit where member died on or after reaching age 75
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Member benefits: pensions: drawdown pension rules immediately before 6 April 2015: capped drawdown pension - maximum annual amount (position immediately before 6 April 2015)
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The lifetime allowance and the lifetime allowance charge: benefit crystallisation events: summary of the process for testing BCEs against the lifetime allowance when the member has died
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Death benefits: types of pension: dependants' scheme pension: conditions
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Member benefits: pensions: drawdown pension rules immediately before 6 April 2015: capped drawdown pensions (position at 5 April 2015)
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The lifetime allowance and the lifetime allowance charge: benefit crystallisation events: pensions in payment on 6 April 2006
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Member benefits: pensions: drawdown pension rules immediately before 6 April 2015: guidance on all types of drawdown pensions (position immediately before 6 April 2015)
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Annual allowance: money purchase annual allowance: contents
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Death benefits: essential principles
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The lifetime allowance and the lifetime allowance charge: benefit crystallisation events: summary of the process for testing BCEs against the lifetime allowance during the member's litetime
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Investments: taxable property: direct holdings
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Member benefits: pensions: lifetime annuity
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Investments: taxable property: tangible moveable property
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Investments: borrowing
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The scheme administrator: penalties
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The scheme administrator: authorising a practitioner
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The scheme administrator: default of scheme administrator - liabilities pass to another person
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International: tax relief on contributions to overseas pension schemes: overview
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Member benefits: pensions: scheme pensions: stopping or reducing a scheme pension
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Investments: loans: loans to members and connected parties
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Transfers: Information requirements in respect of a transfer
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The scheme administrator: changing scheme administrators
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Member benefits: pensions: scheme pensions: scheme pension from a money purchase arrangement
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Member benefits: pensions: scheme pensions: paying a scheme pension
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Contributions: tax relief for employers: asset backed contributions: overview
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The lifetime allowance and the lifetime allowance charge: benefit crystallisation events: performing the lifetime allowance test on a benefit crystallisation event (BCE)
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The lifetime allowance and the lifetime allowance charge: benefit crystallisation events: benefit crystallisation events overview
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Member benefits: pensions: scheme pensions: overview
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Member benefits: pensions: protected pension age: right to keep a protected pension age after transfers or winding-ups
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The lifetime allowance and the lifetime allowance charge: liability for the lifetime allowance charge when the member has died
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Member benefits: pensions: protected pension age: right to take benefits before age 50
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Investments: loans - general principles
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Other authorised payments: genuine errors: overview and principle of promptly rectified payments errors
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Member benefits: pensions: protected pension age: right to take benefits before normal minimum pension age of 55
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Investments: shares and equities
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Transfers: Transfer of drawdown pensions
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Member benefits: pensions: pension age
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Other authorised payments: authorised employer payments: authorised surplus payments
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Transfers: Scheme administrator actions when transferring to a QROPS
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Transfers: Transfer to a QROPS
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Annual allowance: money purchase annual allowance: trigger events
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Investments: essential principles
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Other authorised payments: authorised employer payments: what are authorised employer payments?
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Transfers: Member and scheme administrator considerations for transfers to registered pension schemes
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Other authorised payments: specific member payments
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The lifetime allowance and the lifetime allowance charge: chargeable amount where the lifetime allowance is used up
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The lifetime allowance and the lifetime allowance charge: lifetime allowance excess lump sum
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Other authorised payments: Scheme administration member payments: overview
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The lifetime allowance and the lifetime allowance charge: the lifetime allowance charge overview
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The lifetime allowance and the lifetime allowance charge: reduced lifetime allowance
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Other authorised payments: essential principles
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Formating fixes
Formating fixes
The lifetime allowance and the lifetime allowance charge: essential principles of the lifetime allowance
Formating fixes
Formating fixes
Member benefits: essential principles: benefits and the lifetime allowance
Formating fixes
Formating fixes
Formating fixes
Formating fixes
Member benefits: essential principles: lump sums
Formating fixes
Formatting fixes
Member benefits: essential principles: pensions
Formatting fixes
formatting fixes
The lifetime allowance and the lifetime allowance charge: contents
Formating fixes
Transfers: essential principles
Formating fixes
Transfers: contents
Formating fixes
Glossary
formatting fixes

published amendments

Investments: taxable property: residential property
Formatting change
Formatting change
Formatting change
Formatting change
Formatting change
Formatting change
Formatting change
Formatting fixes
Investments: loans: loans to sponsoring employers
Formatting change
Formatting fixes
Protection from the lifetime allowance charge: late submission of notifications for protection from the lifetime allowance charge
Formatting fixes
Protection from the lifetime allowance charge: lifetime allowance enhancement factors: how to apply lifetime allowance enhancement factors at a BCE
Formatting fixes
Protection from the lifetime allowance charge: lifetime allowance enhancement factors: Notifications procedure for the non-residence factor
Formatting fixes
Protection from the lifetime allowance charge: lifetime allowance enhancement factors: The non-residence factor for hybrid arrangements
Formatting fixes
Protection from the lifetime allowance charge: lifetime allowance enhancement factors: The non-residence factor for defined benefits arrangements
Formatting fixes
Protection from the lifetime allowance charge: lifetime allowance enhancement factors: The non-residence factor for other money purchase arrangements
Formatting fixes
Protection from the lifetime allowance charge: lifetime allowance enhancement factors: The non-residence factor for cash balance arrangements
Formatting fixes
Investments: taxable property: indirect holdings
Formatting fixes
Protection from the lifetime allowance charge: lifetime allowance enhancement factors: Non-residence factor: basic principles
Formatting fixes

published amendments

Investments: taxable property: indirect holdings
Formatting change
Investments: loans: loans to sponsoring employers
Formatting change
Investments: taxable property: direct holdings
Formatting change

2016

published amendments

Member benefits: pensions: protected pension age: right to take benefits before age 50
to fix missing links on GOV.UK
Member benefits: essential principles: benefits and the lifetime allowance
To fix missing link on GOV.UK
Member benefits: essential principles: pensions
To fix missing links on GOV.UK
To fix formatting issues
Information and administration: essential principles: penalties for failing to comply with an information requirement or providing inaccurate information
Test to determine if links update

published amendments

Annual allowance: essential principles
Minor amendments made to draft version.
Annual allowance: pension input periods
Annual allowance changes introduced in Schedule 4 of Finance (No. 2) Act 2015
Annual allowance: pension input amounts: defined benefits arrangements: contents
PTM053390 added to contents list.
PTM053390 added to contents list.

published amendments

Annual allowance: money purchase annual allowance: contents
Changed section contents list to remove 'tax charge' from titles.
Annual allowance: pension input amounts: defined benefits arrangements: general
Status change to this page prior to publishing all changed pages.
Cross reference to annual allowance changes introduced in Schedule 4 Finance (No. 2) Act 2015
Annual allowance: pension input periods
Minor formatting changes.
Annual allowance: essential principles: annual allowance changes during a pension input period
Inserting link to 2015-16 Transitional guidance

published amendments

Annual allowance: contents
New section added
Annual allowance: money purchase annual allowance: contents
Page title correction.

published amendments

Annual allowance: transitional rules for tax year 2015-16: pension input amounts: other money purchase arrangements
New page following changes introduced in Finance (No. 2) Act 2015.
Annual allowance: transitional rules for tax year 2015-16: pension input amounts: general
New page following changes introduced in Finance (No. 2) Act 2015.
Annual allowance: transitional rules for tax year 2015-16: pension input periods
New page following changes introduced in Finance (No. 2) Act 2015.
Annual allowance: transitional rules for tax year 2015-16: amount of money purchase annual allowance
New page following changes introduced in Finance (No. 2) Act 2015.
Annual allowance: transitional rules for tax year 2015-16: general
New page following changes introduced in Finance (No. 2) Act 2015.
Annual allowance: money purchase annual allowance: hybrid arrangements: relevant hybrid arrangement: example: multiple relevant hybrid arrangements
Update following changes introduced in Finance (No. 2) Act 2015.
Annual allowance: money purchase annual allowance: hybrid arrangements: relevant hybrid arrangements: example: one relevant hybrid arrangement
Update following changes introduced in Finance (No. 2) Act 2015.
Annual allowance: money purchase annual allowance: hybrid arrangements: relevant hybrid arrangements
Update following changes introduced in Finance (No. 2) Act 2015.
Annual allowance: money purchase annual allowance: hybrid arrangements: any hybrid arrangements
Update following changes introduced in Finance (No. 2) Act 2015.
Annual allowance: money purchase annual allowance: trigger events
Correcting page title.
Annual allowance: money purchase annual allowance: payments that do not trigger the money purchase annual allowance
Correcting page title.
Annual allowance: money purchase annual allowance: hybrid arrangements
Update following changes introduced in Finance (No. 2) Act 2015.
Annual allowance: money purchase annual allowance: trigger event occurs during tax year 2016-17 or a later tax year
Update following changes introduced in Finance (No. 2) Act 2015.
Annual allowance: money purchase annual allowance: general
Update following changes introduced in Finance (No. 2) Act 2015.
Annual allowance: tax charge: rate of tax charge: general
Update following changes introduced in Finance (No. 2) Act 2015.
Annual allowance: carry forward: calculating unused annual allowance
Update following changes introduced in Finance (No. 2) Act 2015.
Annual allowance: carry forward: general
Update following changes introduced in Finance (No. 2) Act 2015.
Annual allowance: pension input amounts: deferred members: deferred annuity contracts
Minor text correction.
Annual allowance: pension input amounts: deferred members: ‘relevant percentage’ and ‘relevant statutory increase percentage’
Update following changes introduced in Finance (No. 2) Act 2015.
Annual allowance: pension input amounts: deferred members: general
Update following changes introduced in Finance (No. 2) Act 2015.
Annual allowance: pension input amounts: contents
Updated contents.
Annual allowance: pension input amounts: hybrid arrangements
Update following changes introduced in Finance (No. 2) Act 2015.
Annual allowance: pension input amounts: cash balance arrangements
Update following changes introduced in Finance (No. 2) Act 2015.
Annual allowance: pension input amounts: defined benefits arrangements: bridging pensions: automatic pre-normal pension age
Update following changes introduced in Finance (No. 2) Act 2015.
Annual allowance: pension input amounts: defined benefits arrangements: bridging pensions: exchanging for at normal pension age
Update following changes introduced in Finance (No. 2) Act 2015.
Annual allowance: pension input amounts: defined benefits arrangements: bridging pensions: prospective entitlement
Update following changes introduced in Finance (No. 2) Act 2015.
Annual allowance: pension input amounts: defined benefits arrangements: worked examples: late retirement actuarial uplifts for active members
Update following changes introduced in Finance (No. 2) Act 2015.
Annual allowance: pension input amounts: defined benefits arrangements: worked examples: actuarial reduction for early payment and adjustment for BCE
Update following changes introduced in Finance (No. 2) Act 2015.
Annual allowance: pension input amounts: defined benefits arrangements: worked examples: ‘split normal pension ages’
Update following changes introduced in Finance (No. 2) Act 2015.
Annual allowance: pension input amounts: defined benefits arrangements: worked examples
Update following changes introduced in Finance (No. 2) Act 2015.
Annual allowance: pension input amounts: defined benefits arrangements: general
Update following changes introduced in Finance (No. 2) Act 2015.
Annual allowance: pension input amounts: other money purchase arrangements
Update following changes introduced in Finance (No. 2) Act 2015.
Annual allowance: pension input amounts: valuing for different types of arrangement
Update following changes introduced in Finance (No. 2) Act 2015.
Annual allowance: pension input periods
Update following changes introduced in Finance (No. 2) Act 2015.
Annual allowance: pension input periods: contents
Formatting change.
Annual allowance: essential principles: annual allowance changes during a pension input period
Update following changes introduced in Finance (No. 2) Act 2015.
Annual allowance: essential principles: when the annual allowance charge does not apply
Update following changes introduced in Schedule 4 of Finance (No. 2) Act 2015.
Annual allowance: pension input amounts: defined benefits arrangements: anti-avoidance rule for post-entitlement enhancements
Formatting change
New page for existing anti-avoidance rule.
Annual allowance: pension input periods: first pension input period started before 6 April 2011
Page archived following changes introduced in Schedule 4 Finance (No. 2) Act 2015.
- Annual allowance: pension input amounts: annual allowance reduces during a pension input period
Page archived.
Annual allowance: pension input periods: annual allowance reduces during a pension input period
Page archived following changes introduced in Schedule 4 Finance (No. 2) Act 2015.
Annual allowance: pension input periods: nominating the end date for a pension input period
Page archived following changes introduced in Schedule 4 Finance (No. 2) Act 2015.
Annual allowance: pension input periods: hybrid arrangements
Page archived following changes introduced in Schedule 4 Finance (No. 2) Act 2015.
Annual allowance: pension input periods: defined benefits and cash balance arrangements
Page archived following changes introduced in Schedule 4 Finance (No. 2) Act 2015.
Annual allowance: pension input periods: other money purchase arrangements
Page archived following changes introduced in Schedule 4 Finance (No. 2) Act 2015.
Annual allowance: essential principles
Updated for changes introduced in Schedule 4 Finance (No.2) Act 2015.
Formatting fix.

published amendments

Annual allowance: pension input amounts: contents
Republished section menu
Annual allowance: transitional rules for tax year 2015-16: pension input amounts: money purchase annual allowance
Republished page
Annual allowance: transitional rules for tax year 2015-16: pension input amounts: defined benefits and cash balance arrangements: deferred members
Republished page
Annual allowance: transitional rules for tax year 2015-16: pension input amounts: defined benefits and cash balance arrangements
Republished page
Annual allowance: transitional rules for tax year 2015-16: pension input amounts: other money purchase arrangements
Republished page
Annual allowance: transitional rules for tax year 2015-16: pension input amounts: general
Republished page
Annual allowance: transitional rules for tax year 2015-16: pension input periods
Republished page
Annual allowance: transitional rules for tax year 2015-16: amount of money purchase annual allowance
Republished page
Annual allowance: transitional rules for tax year 2015-16: amount of annual allowance
Republished page
Annual allowance: transitional rules for tax year 2015-16: general
Republished page
Annual allowance: transitional rules for tax year 2015-16: contents
Republished section menu
Annual allowance: tapered annual allowance
Republished page
Formatting change
Annual allowance: tapered annual allowance: contents
Republished sub section menu
Republished new section
Annual allowance: contents
Republished section menu
Republished section menu
Investments: taxable property: indirect holdings
Formatting change
Formatting change

published amendments

Death benefits: lump sums: charity lump sum death benefit
Minor typo to flexi-access drawdown fund.
Death benefits: lump sums: annuity protection lump sum death benefit
Updates reflecting tax chargeable as recipient's pension income in certain circumstances.

published amendments

Registration: registering a pension scheme: applying to register a pension scheme
Page republished to enable email link to show

published amendments

Death benefits: lump sums: drawdown pension fund lump sum death benefit
Updates to reflect that taxable lump sum death benefits may be chargeable at the recipient's marginal rate, depending on the circumstances.
Death benefits: lump sums: pension protection lump sum death benefit
Updates to reflect that taxable lump sum death benefits may be chargeable at the recipient's marginal rate, depending on the circumstances.
Death benefits: lump sums: defined benefits lump sum death benefit
Updates for Finance (No2) Act 2015 changes to how lump sum death benefits are taxed for payments made on or after 6 April 2016.
Death benefits: essential principles
Updates to reflect that taxable lump sum death benefits may be chargeable at the recipient's marginal rate, depending on the circumstances. Minor amendments including correcting winding up lump sum death benefit limit from £30,000 to £18,000.

published amendments

Death benefits: lump sums: uncrystallised funds lump sum death benefit
Updates to reflect that taxable lump sum death benefits may be chargeable at the recipient's marginal rate, depending on the circumstances.
Death benefits: lump sums: contents
Update for new page PTM073010 which explains whether taxable lump sum death benefits should be charged as the recipient's pension income or the special lump sum death benefits charge.
Death benefits: lump sums: flexi-access drawdown fund lump sum death benefit
Updates to reflect that taxable lump sum death benefits may be chargeable at the recipient's marginal rate, depending on the circumstances.
The lifetime allowance and the lifetime allowance charge: benefit crystallisation events: each of the benefit crystallisation events (BCEs) in detail: BCE 7 relevant lump sum death benefits
Update to the two year rules for BCE 7 in respect of a defined benefits lump sum death benefit.
The lifetime allowance and the lifetime allowance charge: liability for the lifetime allowance charge when the member has died
Updates to LTA age 75 guidance to reflect that taxable lump sum death benefits may be chargeable at the recipient's marginal rate, depending on the circumstances.
Death benefits: lump sums: trivial commutation lump sum death benefit
Clarification of trivial commutation lump sum death benefit conditions regarding maximum length of guarantee period for annuities and scheme pensions.

published amendments

Death benefits: lump sums: charity lump sum death benefit
republish to make hyperlinks fully operational, no content change
Death benefits: lump sums: trivial commutation lump sum death benefit
republish to make hyperlinks fully operational, no content change
Death benefits: lump sums: flexi-access drawdown fund lump sum death benefit
republish to make hyperlinks fully operational, no content change
Death benefits: lump sums: drawdown pension fund lump sum death benefit
republish to make hyperlinks fully operational, no content change
Death benefits: lump sums: annuity protection lump sum death benefit
republish to make hyperlinks fully operational, no content change
Death benefits: lump sums: pension protection lump sum death benefit
republish to make hyperlinks fully operational, no content change
Death benefits: lump sums: uncrystallised funds lump sum death benefit
republish to make hyperlinks fully operational, no content change
Death benefits: lump sums: defined benefits lump sum death benefit
republish to make hyperlinks fully operational, no content change
Death benefits: lump sums: tax on authorised lump sum death benefits
republish to make hyperlinks fully operational, no content change
Death benefits: essential principles
Republish GOV.UK page

published amendments

Annual allowance: tax charge: scheme pays: when scheme does not have to pay
Added text regarding the tapered annual allowance.
Annual allowance: tapered annual allowance
Amendments and added text regarding scheme pays.
Annual allowance: tax charge: scheme pays: general
Added text regarding scheme pays conditions.
Annual allowance: tax charge: who pays
Added text in the 'How much annual allowance charge will the scheme have to pay' section.
Annual allowance: carry forward: calculating unused annual allowance
Added text regarding the tapered annual allowance.
Annual allowance: carry forward: general
Added text regarding the tapered annual allowance.
Annual allowance: essential principles
Added text regarding the tapered annual allowance and mandatory scheme pays conditions.

published amendments

Information and administration: other information requirements for scheme administrators: information that must be included in the pension savings statement
Amendments relating to modified reporting requirements.
Information and administration: other information requirements for scheme administrators: pension savings statements provided automatically to the member
Amendments regarding modified reporting requirements.
Annual Allowance: essential principles: information to member
Amendments to reflect modified reporting requirements.

published amendments

Annual Allowance: essential principles: information to member
Republished to make hyperlinks operational, no content change.

published amendments

Annual allowance: transitional rules for tax year 2015-16: general
Added text to the 'Transitional rules - general' section regarding Scheme Pays conditions for tax year 2015-16.
Annual allowance: tax charge: scheme pays: when scheme does not have to pay
Minor text changes relating to 'Scheme Pays' conditions and added text regarding tax year 2015-16.
Annual allowance: tax charge: scheme pays: general
Added text in the 'Conditions for Scheme Pays to apply' section regarding tax year 2015-16.

published amendments

Annual allowance: pension input amounts: defined benefits arrangements: general
Page republished to fix issues. No change to content.
Formatting pages made to page. No changes to content.

published amendments

Annual allowance: essential principles: contents
Test publish to correct missing hyperlinks

published amendments

Unauthorised payments: The scheme sanction charge: Contents
No content change: page republished to bring back unlinked pages
Annual allowance: tax charge: rate of tax charge: contents
No change, page republished to bring back unlinked pages
Unauthorised payments: the scheme sanction charge: reporting and paying the scheme sanction charge
This page has been updated under the heading 'Reporting the scheme sanction charge' with a new subheading and paragraphs to explain when interest is charged.
Annual allowance: essential principles: contents
No change, republished to bring back unlinked pages.
Death benefits: lump sums: trivial commutation lump sum death benefit
This page has been updated under the "Conditions...." heading to clarify that the dependant's entitlement that must be extinguished is 'in respect of the member'.
Death benefits: lump sums: uncrystallised funds lump sum death benefit
New paragraphs are added under the heading "When an uncrystallised funds lump sum death benefit can be paid" to explain the two year time limit which applied before 6 April 2015. Accordingly some additional wording is added under "Taxation" heading.
Death benefits: lump sums: defined benefits lump sum death benefit
Minor change: This page has been updated to correct a typographic error (where section 579A is mentioned; transposition of figures).
Death benefits: essential principles
Minor change: The page has been updated to correct the omission of 'pension' from 4th bullet of authorised pension death benefits. Also in that bullet, the words 'pension fund' have been replaced by 'drawdown fund'.
Unauthorised payments: deemed or specific situations that are unauthorised payments: benefits in kind: cars and van benefits and fuel
Minor change: links to EIM reformatted
Unauthorised payments: deemed or specific situations that are unauthorised payments: benefits in kind: valuation - cash equivalent or annual values
Minor change: reformatting link to EIM
Annual allowance: tax charge: rate of tax charge: terms used
New paragraph added under "Basic and higher rate limits" reflecting legislative changes introduced by The Scottish Rate of Income Tax (Consequential Amendments) Order 2015 - SI 2015/1810. Formatting and hyperlinks have also been corrected.
Unauthorised payments: deemed or specific situations that are unauthorised payments: benefits in kind: overview
Minor change: reformatting links to EIM
Annual allowance: tax charge: rate of tax charge: general
Legislative change: A new paragraph has been added above "Step 1: How to work out the annual allowance tax charge" to reflect legislative changes introduced by The Scottish Rate of Income Tax (Consequential Amendments) Order 2015 - SI 2015/1810.
Annual allowance: essential principles: when the annual allowance charge does not apply
Minor change: link to EIM reformatted
Information and administration: information requirements when a member flexibly accesses their benefits: action a member must take if they receive a flexible access statement
Minor change to section 'What is an accruing member' to better reflect the legislative definition
Annual allowance: essential principles
Legislative change: A new paragraph has been added under "The amount of annual allowance charge" heading to reflect legislative changes introduced by The Scottish Rate of Income Tax (Consequential Amendments) Order 2015 - SI 2015/1810.
International: UK tax charges on non UK schemes: the member payment charges and taxable property charges: the member payment charges: basic principles
Minor change: missing text inserted in section 'How the member payment charges work'
Transfers: essential principles
Minor change: correction of typo in legislation quoted
Registration: essential principles: overview
Minor change: Links tp other manuals reformatted and change of address
General principles: overview of pensions taxation: taxation of pension income payments
Minor change: reformatting link to EIM
Registration: de-registration: consequences of de-registration
Minor change: reformatting link to EIM
General principles: meaning of pension scheme
Minor change: reformatting link to EIM
About this manual: other information sources
Minor change: reformatting of links to EIM and BIM

published amendments

Registration: essential principles: overview
Test to push through bookmark hyperlinks

published amendments

Glossary
A-Z link fix

published amendments

Information and administration: other information requirements for scheme administrators: information that must be included in the pension savings statement
Bookmark hyperlinks fixed
Annual allowance: pension input amounts: valuing for different types of arrangement
Bookmarks fixed.

published amendments

Information and administration: other information requirements for scheme administrators: information that must be included in the pension savings statement
Page reformatted

published amendments

Annual allowance: pension input amounts: defined benefits arrangements: general
No content change. Fix to formatting issues only
Annual allowance: pension input amounts: valuing for different types of arrangement
No content change; fix to formatting only
About this manual: giving advice to customers
No content change. Formatting fix only
Protection from the lifetime allowance charge: individual protections 2014 and 2016: applying for individual protection 2014
Change to link to online application for IP 2014 and consequential changes to application process.

published amendments

Contributions: tax relief for employers: conditions
Fix to GOV.UK missing links
Unauthorised payments: deemed or specific situations that are unauthorised payments: benefits in kind: overview
Republished to test hyperlinks
Republished to test hyperlinks
Contributions: tax relief for employers: introduction
Hyperlinks updated
Registration: essential principles: overview
Republished to test hyperlinks

published amendments

Protection from the lifetime allowance charge: protecting Pre-April 2006 pension rights: enhanced protection: overview
Updating GOV.UK links
Protection from the lifetime allowance charge: late submission of notifications for protection from the lifetime allowance charge
Formatting amendment
Updating GOV.UK link
Updating GOV.UK link
Replace link on GOV.UK
Unauthorised payments: deemed or specific situations that are unauthorised payments: benefits in kind: valuation - cash equivalent or annual values
Updating GOV.UK link
Fix missing GOV.UK link
Unauthorised payments: deemed or specific situations that are unauthorised payments: benefits in kind: overview
Fix missing GOV.UK link
Unauthorised payments: deemed or specific situations that are unauthorised payments: benefits in kind: cars and van benefits and fuel
Fix missing GOV.UK link
Contributions: tax relief for employers: conditions
Updating external GOV.UK links

published amendments

Death benefits: lump sums: flexi-access drawdown fund lump sum death benefit
Minor change: clarifying 'on or after' 6 April in first paragraph.

published amendments

Glossary
Legislative change: The glossary has been updated to explain the change to the definition of dependant and its effect on the definition of nominee introduced by paragraph 6 Schedule 5 Finance Act 2016.
Contributions: the nature of contributions: introduction
The content about tax relief under RAS is revised to reflect legislative changes introduced by The Scottish Rate of Income Tax (Consequential Amendments) Order 2015 (SI 2015/1810).

published amendments

The lifetime allowance and the lifetime allowance charge: liability for the lifetime allowance charge when the member has died
The page has been updated to correct a typographical error
The lifetime allowance and the lifetime allowance charge: Liability for the lifetime allowance charge in the member’s lifetime
The page has been updated to correct typographical errors.
The lifetime allowance and the lifetime allowance charge: chargeable amount where the lifetime allowance is used up
The page has been updated to include BCE 5D and BCE 9
The lifetime allowance and the lifetime allowance charge: lifetime allowance excess lump sum
A new paragraph has been added to Nature of the lifetime allowance excess lump sum, third bullet.
The lifetime allowance and the lifetime allowance charge: the lifetime allowance charge overview
Removed Scheme provisions and the power to levy, and replaced with Reporting the lifetime allowance charge.
The lifetime allowance and the lifetime allowance charge: essential principles of the lifetime allowance
An amended and a new heading have been added, Authorised lump sums that can only be paid if the member has some lifetime allowance available, and Lifetime allowance excess lump sum.

published amendments

The lifetime allowance and the lifetime allowance charge: benefit crystallisation events: each of the benefit crystallisation events (BCEs) in detail: BCE 8 transfer to QROPS
Amended to layout of page.
The lifetime allowance and the lifetime allowance charge: benefit crystallisation events: each of the benefit crystallisation events (BCEs) in detail: BCE 7 relevant lump sum death benefits
amendment to hyperlinks
The lifetime allowance and the lifetime allowance charge: benefit crystallisation events: each of the benefit crystallisation events (BCEs) in detail: BCE 6 relevant lump sums
amended typographical errors
The lifetime allowance and the lifetime allowance charge: benefit crystallisation events: each of the benefit crystallisation events (BCEs) in detail: BCE 5C and BCE 5D relevant unused uncrystallised funds applied for drawdown or annuity following a death
Page layout amended.
The lifetime allowance and the lifetime allowance charge: benefit crystallisation events: each of the benefit crystallisation events (BCEs) in detail: BCE 5, 5A and 5B age 75
Amended text layout to help with flow of page.
The lifetime allowance and the lifetime allowance charge: benefit crystallisation events: each of the benefit crystallisation events (BCEs) in detail: BCE 4 purchase of a lifetime annuity
Heading 'lifetime annuity purchased before the normal minimum pension age' removed.
The lifetime allowance and the lifetime allowance charge: benefit crystallisation events: each of the benefit crystallisation events (BCEs) in detail: BCE 2 entitlement to a scheme pension
The page has been updated to correct typographical errors.
The lifetime allowance and the lifetime allowance charge: benefit crystallisation events: each of the benefit crystallisation events (BCEs) in detail: BCE 1 designation of funds for drawdown pension during the member's lifetime
Text rearranged in first paragraph. Final paragraph amended to make explanation clearer.
The lifetime allowance and the lifetime allowance charge: benefit crystallisation events: each of the benefit crystallisation events (BCEs) in detail: contents
Headings have been slightly amended.
The lifetime allowance and the lifetime allowance charge: benefit crystallisation events: summary of the process for testing BCEs against the lifetime allowance when the member has died
Clarified which steps are required and at which point.
The lifetime allowance and the lifetime allowance charge: benefit crystallisation events: summary of the process for testing BCEs against the lifetime allowance during the member's litetime
Change to title, and a couple of typographical errors
The lifetime allowance and the lifetime allowance charge: benefit crystallisation events: pensions in payment on 6 April 2006
This page has been amended to correct a typographical error
The lifetime allowance and the lifetime allowance charge: benefit crystallisation events: performing the lifetime allowance test on a benefit crystallisation event (BCE)
this page has been updated to correct a typographical error
The lifetime allowance and the lifetime allowance charge: benefit crystallisation events: benefit crystallisation events overview
The page has been updated to correct typographical errors.

published amendments

International: claims procedure
Minor change: link to PAYE manual updated
International: double taxation relief
Minor change: update to link to Double Taxation Relief manual
International: definition of a qualifying overseas pension scheme
Minor change: PSS address updated
Transfers: Transfer of drawdown pensions
Minor change: removal of text for external users directing them to web addresses
International: UK tax charges on non UK schemes: the member payment charges and taxable property charges: the member payment charges: basic principles
Amendment to show that SIHLS charge only applies for lump sums paid before 16/9/16 & removal of text for external users directing them to web address
Registration: de-registration: consequences of de-registration
For de-registration charge, addition of text referring to reporting and paying using the AFT.
Registration: registering a pension scheme: what HMRC does after the application has been made
Minor: links to Compliance Handbook reformatted
Registration: registering a pension scheme: applying to register a pension scheme
Minor change: removal of text for external users directing them to web address
Registration: essential principles: schemes that are automatically registered pension schemes
Minor removal of text for external users directing them to web addresses
Glossary
Minor formatting change
table reformatted
Tables reformatted.
Registration: essential principles: overview
Minor formatting correction
General principles: overview of payments
Minor formatting correction
General principles: overview of pensions taxation: investments
Minor formatting changes to headings

published amendments

International: qualifying recognised overseas pension schemes (QROPS): what is a recognised overseas pension scheme
Test correction of anchor link connection error
Minor change: Test correcting formatting anchor hyperlink
The scheme administrator: authorising a practitioner
Minor change: removal of text directing external readers to web addresses and formatting corrections
The scheme administrator: liability on appointment of an independent trustee
Change to reflect SIHLS charge applies only to payments made before 16 September 2016
The scheme administrator: other scheme administrator rights
Removal of section relating to nomination of pension input periods as this effectively ceased to have effect 8 July 2015 - Part 1, Schedule 4 Finance (No2) Act 2015 refers
The scheme administrator: changing scheme administrators
Minor change: removal of text directing external readers to web addresses and updating of postal address
The scheme administrator: essential principles
Change to reflect SIHLS charge applies only to payments made before 16 September 2016 and minor formatting changes
International: UK tax charges on non UK schemes: the annual allowance charge and non-UK schemes: the annual allowance charge and non-UK schemes: essential principles
Minor change: removal of text directing external readers to we address
International: qualifying recognised overseas pension schemes (QROPS): the published list of notifications that a scheme meets the ROPS conditions
Minor change: reformatting of list
International: qualifying recognised overseas pension schemes (QROPS): what is an overseas pension scheme
Minor change: reformatting of bullet list under tax condition 2
International: qualifying recognised overseas pension schemes (QROPS): what makes a scheme a QROPS
Minor change: change of address
International: qualifying recognised overseas pension schemes (QROPS): introduction
Minor change: removal of text directing external users to web address
International: qualifying recognised overseas pension schemes (QROPS): QROPS reporting requirements
Minor change: reformatting hyperlinks

published amendments

Information and administration: essential principles: penalties for failing to comply with an information requirement or providing inaccurate information
Consequential changes for fixed and individual protection 2016
Information and administration: reportable events 6 to 7
Consequential changes for fixed and individual protection 2016
Information and administration: requirement for insurance companies to give the member a BCE statement
Consequential changes for fixed and individual protection 2016
Information and administration: information the scheme administrator must automatically provide following the member’s death
Consequential changes for fixed and individual protection 2016
Information and administration: information that must be provided if requested by the deceased member’s personal representatives
Consequential changes for fixed and individual protection 2016
Information and administration: essential principles: retention of records
Consequential updates for fixed and individual protection 2016; formatting hyperlinks
Member benefits: lump sums: small pension payments
The page has been updated to clarify that small pots lump sums are not BCEs.
Member benefits: lump sums: trivial commutation lump sum
The content about trivial commutation lump sums is revised to reflect legislative changes introduced by paragraphs 7 to 9 Schedule 5 Finance Act 2016.
Member benefits: lump sums: serious ill-health lump sum
The content about serious ill-health lump sums has been revised to reflect legislative changes introduced by paragraphs 1 to 4 Schedule 5 Finance Act 2016.
Member benefits: pensions: pension payments authorised by regulations
The page has been updated to clarify the current position regarding Regulation 16, and to add an age condition for BCE9.
Member benefits: pensions: drawdown pension rules immediately before 6 April 2015: guidance on all types of drawdown pensions (position immediately before 6 April 2015)
The page has been updated to include a link to PTM088650 which contains more detail on calculating the increase.
Member benefits: essential principles: benefits and the lifetime allowance
This page has been updated to reflect the 2016/17 level of lifetime allowance.
Information and administration: information the deceased's personal representative(s) must provide to HMRC
Minor change: update to address
Member benefits: essential principles: lump sums
The content about trivial commutation and serious ill-health lump sums is revised to reflect legislative changes introduced by paragraphs 1-4 and 7-9 Schedule 5 Finance Act 2016. Also minor changes: two links redirected to new Gov website.
Unauthorised payments: what is an unauthorised payment?
The page is updated under the heading "What is an authorised member payment?" to reflect changes to what is an unauthorised payment (reference to lump sum death benefits paid outside the 2-year window is removed).
Death benefits: lump sums: charity lump sum death benefit
New guidance has been added to this page to clarify changes to age requirements for payments from uncrystallised funds and the extended definition of child dependant introduced by paragraphs 5 and 6 Schedule 5 Finance Act 2016.
Information and administration: the event report: essential principles
change to reflect extension to reportable event 6 to cover fixed and individual protections 2016
Minor change: formatting corrections and removal of text directing external readers to web addresses
Death benefits: lump sums: trivial commutation lump sum death benefit
This page has been updated under the heading 'When a trivial commutation lump sum death benefit can be paid' to clarify age conditions. Also minor changes: typo 'regardless', and four external links no longer needed are removed.
Death benefits: lump sums: flexi-access drawdown fund lump sum death benefit
The page has been updated to clarify in the first paragraph that the lump sum may be paid 'on or after' 6 April 2015.
Death benefits: lump sums: uncrystallised funds lump sum death benefit
A new section has been added to this page to explain the treatment of employer top-ups to cash balance arrangements introduced by paragraph 10 Schedule 5 Finance Act 2016.
Death benefits: lump sums: defined benefits lump sum death benefit
Minor change: repair of last bookmark at top of page.
Death benefits: types of pension: beneficiary’s flexi-access drawdown from 6 April 2015: changes from 6 April 2015
A new paragraph has been added to this page to explain the extended meaning of dependant over age 23 introduced at paragraph 6 Schedule 5 Finance Act 2016.
Death benefits: types of pension: dependants’ drawdown pension: contents
New page PTM072360 added to contents list
Death benefits: types of pension: dependants’ drawdown pension: dependants’ capped drawdown pension from 6 April 2015
New page added: A new page is included for the taxation of dependants' continuing capped drawdown.
Death benefits: types of pension: dependants' drawdown pension: dependants’ short-term annuities (up to 5 April 2015)
Minor change: The page has been updated to add legislative references.
Death benefits: Types of pension: dependants’ drawdown pension: dependants’ capped drawdown pension (up to 5 April 2015)
A new sentence has been added to link to the new page PTM072360 on the taxation of continuing dependants' capped drawdown.
Death benefits: types of pension: beneficiary's annuity
A new paragraph is added to this page to clarify that the extended meaning of dependant introduced at paragraph 6 Schedule 5 Finance Act 2016 does not apply to dependants' annuities. A formatting change to bullets is also made for clarification.
Death benefits: types of pension: dependants' scheme pension: limit where member died on or after reaching age 75
Legislative change: The content of this page is revised to reflect the exclusions, limits and changes to tests for dependants' scheme pensions paid in respect of a member who has reached age 75, introduced by section 21 Finance Act 2016.
Death benefits: types of pension: dependants' scheme pension: conditions
A new paragraph has been added to clarify that dependants' scheme pensions are not affected by the extended meaning of dependant introduced at paragraph 6 Schedule 5 Finance Act 2016 . Legislative reference also added.
Death benefits: essential principles
The guidance on this summary page has been changed in respect of charity lump sum death benefits and transitional provisions to reflect the extended definition of dependant introduced by paragraph 6 Schedule 5 Finance Act 2016.
Annual allowance: carry forward: contents
This contents page is revised to reflect the removal of PTM055300.
Annual allowance: pension input amounts: contents
This contents page is revised to reflect the removal of PTM054300.
Annual allowance: essential principles: contents
This contents page is revised to reflect the removal of pages PTM051400, PTM051500 and PTM051600.
Annual allowance: transitional rules for tax year 2015-16: pension input amounts: defined benefits and cash balance arrangements: deferred members
The page has been updated to add legislative references and changes to the text in and under the third heading to clarify existing content. A broken hyperlink to another PTM page has also been fixed.
Annual allowance: carry forward: general
Minor change: this page has been updated at Example 6 to correct a typographical error.
Annual allowance: pension input amounts: backdated pay rises
The 'Pension input periods ending in tax years before 2011-12' section has been removed (housekeeping change).
Annual allowance: essential principles
Due to the removal of pages PTM051400 and PTM051500, minor changes have been made on this page to the 'Who the annual allowance rules apply to' section and new paragraphs have been added to the 'The amount of annual allowance charge' section.
Contributions: tax relief for members: methods: relief at source
This content is revised to reflect legislative changes introduced by The Scottish Rate of Income Tax (Consequential Amendments) Order 2015 (SI 2015/1810). New paragraphs have been added to explain the RAS claims process and forms in more detail.
Contributions: tax relief for members: methods: introduction
The content about tax relief under RAS is revised to reflect legislative changes introduced by The Scottish Rate of Income Tax (Consequential Amendments) Order 2015 (SI 2015/1810).
Contributions: tax relief for members: conditions
The content about tax relief under RAS is revised to reflect legislative changes introduced by The Scottish Rate of Income Tax (Consequential Amendments) Order 2015 (SI 2015/1810).
Information and administration: payment of tax reported on the Accounting for Tax return (AFT) and what happens if the tax is paid late
This page has been updated to reflect the change in tax treatment of a serious ill-health lump sum from 16 September 2016 (para 1 Sch 5 FA 2016) and minor formatting corrections
Information and administration: information needed to submit an AFT
Update to reflect that SIHLS charge not due on payments made after 15 September 2015
Information and administration: the Accounting for Tax return: essential principles
Update to reflect SIHLS charge not due on LS paid after 15 September 2016 and updating of various links
Information and administration: essential principles: information and administration overview
Minor change: typo correction
International: qualifying recognised overseas pension schemes (QROPS): what is a recognised overseas pension scheme
Minor change: reformatting of hyperlinks

published amendments

Information and administration: essential principles: penalties for failing to comply with an information requirement or providing inaccurate information
Correction to make anchor links to last two sections functional
Information and administration: the event report: essential principles
minor typo correction
International: qualifying recognised overseas pension schemes (QROPS): what is a recognised overseas pension scheme
Minor change: correcting anchor links to make functional again
Test anchor link correction
test correction formatting anchor links
International: qualifying recognised overseas pension schemes (QROPS): what is an overseas pension scheme
Minor change: correction of formatting error

published amendments

The lifetime allowance and the lifetime allowance charge: benefit crystallisation events: each of the benefit crystallisation events (BCEs) in detail: BCE 5C and BCE 5D relevant unused uncrystallised funds applied for drawdown or annuity following a death
Minor change: formatting corrections only
Member benefits: lump sums: trivial commutation lump sum
Minor changes: The page has been updated to correct page link formatting and a typographical error
Member benefits: pensions: drawdown pension rules immediately before 6 April 2015: guidance on all types of drawdown pensions (position immediately before 6 April 2015)
Minor change: page link formatting corrected
Information and administration: reportable events 6 to 7
No content change: test correction anchor links

published amendments

Protection from the lifetime allowance charge: fixed protection, fixed protection 2014 and fixed protection 2016: arrangements in overseas pension schemes
Minor change: reference to different types of fixed protections changed to' the fixed protections'
Protection from the lifetime allowance charge: fixed protection, fixed protection 2014 and fixed protection 2016: applying for fixed protection or fixed protection 2014
Minor change: page formatting and introduction of abbreviations FP 2012 and FP 2014
Information and administration: essential principles: scheme member information requirements
Minor change: correcting formatting anchor link
Page updated for FP and IP 2016
Protection from the lifetime allowance charge: fixed protection, fixed protection 2014 and fixed protection 2016: essential principles
Minor change: correcting format of anchor links
Page updated for Schedule 4 Finance Act 2016; fixed protection 2016

published amendments

Contributions: the nature of contributions: introduction
Non content change: page republished to correct system error

published amendments

Protection from the lifetime allowance charge: fixed protection, fixed protection 2014 and fixed protection 2016: testing for benefit accrual
Page updated for Schedule 4 FA 2016; fixed protection 2016
Protection from the lifetime allowance charge: fixed protection, fixed protection 2014 and fixed protection 2016: benefit accrual: contents
Minor change: breadcrumb trail for page title updated for FP 16
Protection from the lifetime allowance charge: fixed protection, fixed protection 2014 and fixed protection 2016: benefit accrual: what is “benefit accrual”?
minor change: formatting correction
Page updated for Schedule 4 FA 2016; fixed protection
Protection from the lifetime allowance charge: fixed protection, fixed protection 2014 and fixed protection 2016: the “relevant percentage”
Page updated for Schedule 4 FA 2016; fixed protection 2016
Protection from the lifetime allowance charge: fixed protection, fixed protection 2014 and fixed protection 2016: benefit accrual: defined benefits arrangements - aspects of ‘benefit accrual’
Page updated for Schedule 4 FA 2016; fixed protection 2016
Protection from the lifetime allowance charge: fixed protection, fixed protection 2014 and fixed protection 2016: losing the protection
Page updated for Schedule 4 FA 2016; fixed protection 2016
Protection from the lifetime allowance charge: individual protections 2014 and 2016: valuing pensions savings for individual protection 2014
Page updated to show how to value pension in flexible drawdown and to align to page PTM094310

published amendments

Protection from the lifetime allowance charge: contents
Republicaiton to reflect amended page names
Information and administration: information requirements in respect of the lifetime allowance: contents
Contents list updated for new page PTM164120
Information and administration: requirement to provide a BCE statement to the member
Consequential changes for fixed and individual protection 2016
Information and administration: the member must provide information about any lifetime allowance protection they have
Consequential changes for fixed and individual protection 2016
Information and administration: overview of the information requirements in respect of the lifetime allowance
Consequential changes for individual protection 2016; new page PTM164210 right for member to receive information from the scheme administrator
Information and administration: essential principles: summary of scheme administrator information obligations
Table of scheme administrator information requirements updated for new page PTM164120
Contributions: tax relief for members: methods: net pay
minor change: correction of hyperlink
Protection from the lifetime allowance charge: late submission of notifications for protection from the lifetime allowance charge
Amendments made for FP & IP 2016 and to limits of discretion
Protection from the lifetime allowance charge: lifetime allowance enhancement factors: applying lifetime allowance enhancement factors
Page restructured; now mainly covers how factors are calculated. Detailed guidance on how enhancement factors are applied at a BCE is now at PTM095600
Protection from the lifetime allowance charge: lifetime allowance enhancement factors: how to apply lifetime allowance enhancement factors at a BCE
Page restructured and updated to explain how LTA factors are applied at a BCE varies depending on the type of factor and the time of the BCE
Protection from the lifetime allowance charge: lifetime allowance enhancement factors: pension credit factor
Content change to reflect how the pension credit factor is applied following reduction in LTA
Protection from the lifetime allowance charge: individual protections 2014 and 2016: examples of taking benefits with individual protection 2016
No content change: formatting corrections
Protection from the lifetime allowance charge: individual protections 2014 and 2016: valuing pension savings for individual protection 2016
No content change: formatting corrections
Protection from the liftime allowance charge: individual protections 2014 and 2016: applying for individual protection 2016 (IP 2016)
no content change: formatting correction
No content change: formatting correction
Protection from the lifetime allowance charge: lifetime allowance enhancement factors: overview
Updating of legislative references as a result of section 19 FA 2016
Protection from the lifetime allowance charge: individual protections 2014 and 2016: contents
Contents page updated for new pages PTM094210, PTM094310 and PTM094510
Protection from the lifetime allowance charge: individual protections 2014 and 2016: valuing pensions savings for individual protection 2014
Page reformatted to match new page PTM094310
Protection from the lifetime allowance charge: individual protections 2014 and 2016: examples of taking benefits with individual protection 2014
Minor formatting changes
Protection from the lifetime allowance charge: individual protections 2014 and 2016: applying for individual protection 2014
Minor updates to page for fixed protection 2016
Protection from the lifetime allowance charge: individual protections 2014 and 2016: essential principles
Page updated for Schedule 4 FA 2016; individual protection 2016
Protection from the lifetime allowance charge: individual protections 2014 and 2016: pension debits
Page updated for Schedule 4 FA 2016; individual protection 2016
Protection from the lifetime allowance charge: fixed protection, fixed protection 2014 and fixed protection 2016: contents
Contents list updated to include new page PTM093210
Protection from the lifetime allowance charge: fixed protection, fixed protection 2014 and fixed protection 2016: making contributions to an arrangement once a member has any of the protections
Page updated for schedule 4 Finance Act 2016; fixed protection 2016

published amendments

Protection from the lifetime allowance charge: fixed protection, fixed protection 2014 and fixed protection 2016: benefit accrual: what is “benefit accrual”?
Minor change: correction hyperlink
Investments: taxable property: indirect holdings
Minor change: typo correction
Investments: taxable property: direct holdings
Correction to example under the sub-heading 'Example of amounts chargeable on income / deemed income'
Protection from the lifetime allowance charge: essential principles
no content change: fix hyperlink formatting
Updates for FP and IP 2016; schedule 4 FA 2016

published amendments

Death benefits: lump sums: tax on authorised lump sum death benefits
Minor: repairing bookmark at top of page.
Death benefits: lump sums: contents
No content change: republish to correct publication system error

published amendments

Protection from the lifetime allowance charge: fixed protection, fixed protection 2014 and fixed protection 2016: applying for fixed protection 2016 (FP 2016)
Internal administration - Team Space Group removed.
Internal administration - Team Space Group removed.
Internal administration - Team Space Group removed.
Death benefits: types of pension: dependants’ drawdown pension: dependants’ capped drawdown pension from 6 April 2015
Internal administration - Team Space Group removed from page
Internal administration - Team Space Group removed from page

published amendments

Member benefits: pensions: scheme pensions: stopping or reducing a scheme pension
The content about reductions of bridging pensions has been revised to reflect legislative changes introduced by section 20 Finance Act 2016 and SI 2016/1005.

published amendments

Information and administration: information requirements in respect of the lifetime allowance: contents
Republished to test push through of missing hyperlinks
Internal administration - Group removed.
Information and administration: essential principles: contents
Page republished toi fix missing link on GOV.UK
Information and administration: requirement for insurance companies to give the member a BCE statement
Internal administration - Group removed.
Information and administration: the member must provide information about any lifetime allowance protection they have
Internal administration - Group removed.
Information and administration: information the scheme administrator must provide for individual protection 2016
Internal administration - Group removed.
Information and administration: overview of the information requirements in respect of the lifetime allowance
Internal administration - Group removed.
Protection from the lifetime allowance charge: Lifetime allowance enhancement factors: content
Republished to test correction of missing links on GOV.UK.

2017

published amendments

Death benefits: lump sums: tax on authorised lump sum death benefits
A new paragraph has been added to explain the possible refund of tax in respect of taxable lump sum death benefits received by an individual via a trust.
Member benefits: lump sums: protection of pre-6 April 2006 lump sum rights: scheme-specific lump sum protection - valuation
Amended some links to the National Archives. Reformatted some example headings from bold to H3.
Member benefits: lump sums: protection of pre-6 April 2006 lump sum rights: scheme-specific lump sum protection - overview
Fixed some in-page links and reformatted one example heading to h3
Member benefits: lump sums: protection of pre-6 April 2006 lump sum rights: enhanced protection and lump sum protection
Corrected two links to point to http://webarchive.nationalarchives.gov.uk/20140504142140/http://www.hmrc.gov.uk/manuals/rpsmmanual/RPSM03105000.htm
Member benefits: lump sums: protection of pre-6 April 2006 lump sum rights: primary protection and lump sum protection
Amended TNA links to point to http://webarchive.nationalarchives.gov.uk/20140504142140/http://www.hmrc.gov.uk/manuals/rpsmmanual/RPSM03105000.htm
Member benefits: pensions: drawdown pension rules immediately before 6 April 2015: capped drawdown pension - maximum annual amount (position immediately before 6 April 2015)
Removed superfluous (external users please see www.gov.uk/government/publications/drawdown-pension-tables). Default link was to the same target page, so there had been duplication for internal / external.
Member benefits: pensions: lifetime annuity
Fixed link to 'taxation of a lifetime annuity contract' from heading list at top of page. Inserted link from / to "Consequences of reducing or stopping a scheme pension..." Changed formatting of some headings from bold to H3.
Member benefits: pensions: scheme pensions: stopping or reducing a scheme pension
Changed some example and sub heading formats to H3 and removed bold
Member benefits: pensions: protected pension age: loss of a protected pension age
Changed sub heading styles to H3 and removed bold (previously 'bold - normal' not showing up on internet)

published amendments

Information and administration: information the scheme administrator must automatically provide following the member’s death
Recent amendments to information regulations have been added under a new heading: Information that the scheme administrator must provide to trustees about the special lump sum death benefits charge.
Information and administration: requirement to provide a BCE statement to the member
A further bullet has been added to clarify that the scheme administrator doesn't have to provide an annual BCE statement if the only access to the pension arrangement has not been a pension payment.
Information and administration: essential principles: summary of scheme administrator information obligations
Minor change to add 'receiving trust' to the table.
Other authorised payments: genuine errors: payments that are known to be unauthorised when made
The example of a payment that is known to be unauthorised when made has been updated.
Other authorised payments: specific member payments
Guidance has been included on when arrears of a lifetime annuity can be an authorised payment.
Member benefits: lump sums: winding-up lump sum
Page link in Taxation section went to non-existent ptm1350000, although text showed PTM135000. However, correct page is ptm134500 - new link included.
Member benefits: lump sums: Pension commencement lump sum (PCLS): available portion
Fifth heading - bookmark link now goes to the right heading
Member benefits: lump sums: Pension commencement lump sum (PCLS): applicable amount
Example titles - formatting changed from bold to h3. Last two examples renumbered to keep in sequence (5 and 6 become 8 and 9).
Member benefits: lump sums: Pension commencement lump sum (PCLS): general limits information
Reformatted one example heading from bold to h3.

published amendments

Member benefits: contents
Page republished - no changes
Information and administration: information requirements where the scheme member has died: contents
page republished - no changes
New page reference added to contents page - information requirement for trustees.

published amendments

Member benefits: lump sums: Pension commencement lump sum (PCLS): available portion
Page republished - no change to text.
Member benefits: lump sums: Pension commencement lump sum (PCLS): applicable amount
Page republished - no change to text.
Member benefits: pensions: contents
Page republished to bring in missing entry for PTM062400

published amendments

Protection from the lifetime allowance charge: fixed protection, fixed protection 2014 and fixed protection 2016: benefit accrual: contents
Republish page so as to force page through to GOV.UK

published amendments

Protection from the lifetime allowance charge: late submission of notifications for protection from the lifetime allowance charge
Anchor links repaired.
Protection from the lifetime allowance charge: lifetime allowance enhancement factors: how to apply lifetime allowance enhancement factors at a BCE
Anchor links repaired
Protection from the lifetime allowance charge: individual protections 2014 and 2016: pension debits
Repaired anchor links
Protection from the lifetime allowance charge: individual protections 2014 and 2016: valuing pension savings for individual protection 2016
Repaired anchor link
Protection from the lifetime allowance charge: individual protections 2014 and 2016: valuing pensions savings for individual protection 2014
Amended anchor link.
Protection from the lifetime allowance charge: individual protections 2014 and 2016: applying for individual protection 2014
Hyperlink added in for PTM094300.
Protection from the lifetime allowance charge: fixed protection, fixed protection 2014 and fixed protection 2016: applying for fixed protection 2016 (FP 2016)
"How will a member know........." para has been amended slightly for clarity.
Protection from the lifetime allowance charge: essential principles
Repaired hyperlinks.
The lifetime allowance and the lifetime allowance charge: benefit crystallisation events: each of the benefit crystallisation events (BCEs) in detail: BCE 9 prescribed authorised member payments
Clarification: amended to include bracket (and prior to 6th April 2011 before reaching age 75) under "Payments of arrears....."
The lifetime allowance and the lifetime allowance charge: liability for the lifetime allowance charge when the member has died
Hyperlink enabled.
The lifetime allowance and the lifetime allowance charge: essential principles of the lifetime allowance
Repairing broken anchor links.
Death benefits: lump sums: tax on authorised lump sum death benefits
Page published again to enable hyperlink
Information and administration: other information requirements for scheme administrators: pension savings statements provided automatically to the member
Re-publish page to enable hyperlinks
First hyper link under sub-heading 'What are money purchase pension input amounts' changed
Information and administration: other information requirements for scheme administrators: information that must be included in the pension savings statement
Minor changes regarding information to be provided in pension savings statements for 2015-16 as a previous tax year- The Registered Pension Schemes (Provision of Information) (Amendment) Regulations 2017 - (SI 2017/11). Also, corrections to examples.

published amendments

Information and administration: essential principles: contents
Page republished to show PTM160300 externally.
The lifetime allowance and the lifetime allowance charge: benefit crystallisation events: contents
PTM088700 removed from menu - in menu page PTM088600
PTM088700 added to menu
Protection from the lifetime allowance charge: fixed protection, fixed protection 2014 and fixed protection 2016: benefit accrual: defined benefits arrangements - aspects of ‘benefit accrual’
Repaired anchor link
Protection from the lifetime allowance charge: fixed protection, fixed protection 2014 and fixed protection 2016: benefit accrual: what is “benefit accrual”?
Amended typographical error.

published amendments

Contributions: tax relief for employers: asset backed contributions: overview
Table reformated. No chnage to text.

published amendments

Member benefits: lump sums: protection of pre-6 April 2006 lump sum rights: scheme-specific lump sum protection - transfers and winding-up
Minor change: Fixed an in-page link. No changes to text.

published amendments

The lifetime allowance and the lifetime allowance charge: benefit crystallisation events: each of the benefit crystallisation events (BCEs) in detail: contents
Page republished for process only.
Protection from the lifetime allowance charge: fixed protection, fixed protection 2014 and fixed protection 2016: contents
Page republished for process only.
The lifetime allowance and the lifetime allowance charge: benefit crystallisation events: each of the benefit crystallisation events (BCEs) in detail: BCE 3 increase to a scheme pension in payment
Typos corrected.
Protection from the lifetime allowance charge: fixed protection, fixed protection 2014 and fixed protection 2016: arrangements in overseas pension schemes
Corrected typo.
Protection from the lifetime allowance charge: fixed protection, fixed protection 2014 and fixed protection 2016: the “relevant percentage”
Links at top of page fixed. Typo in page title corrected.

published amendments

Member benefits: lump sums: protection of pre-6 April 2006 lump sum rights: scheme-specific lump sum protection - overview
Major change: Guidance added as a result of SI 2017/397 (pension advice allowance).
Other authorised payments: scheme administration member payments: rebated commission, adviser charging and consultancy charging
Major change: Link to new guidance about pension advice allowance (SI 2017/397)
Other authorised payments: Scheme administration member payments: overview
Major change: Clarify that pension advice allowance is not a scheme administration member payment
Other authorised payments: essential principles
Major change: Added a reference to the pension advice allowance (SI 2017/397)
Other authorised payments: specific member payments
Major change: Addition of guidance on payments of pension advice allowance, applicable from 6 April 2017 (see SI 2017/397)
Annual allowance: tax charge: scheme pays: general
New example added: An example added under the heading "Conditions for 'Scheme Pays' to apply" to explain the maximum amount of annual allowance charge a member can require scheme administrators to pay. Minor change: missing word inserted.
Annual allowance: pension input amounts: cash balance arrangements
Page updated for pension advice allowance
International: qualifying recognised overseas pension schemes (QROPS): introduction
Additions to page to highlight that the guidance hasn't been updated for changes made under Finance Bill 2017
International: qualifying recognised overseas pension schemes (QROPS): what makes a scheme a QROPS
Addition to page to highlight need for undertaking relating to the overseas transfer charge an link to GOV.UK guidance.
International: qualifying recognised overseas pension schemes (QROPS): what is an overseas pension scheme
Page updated to reflect changes to the conditions a scheme has to meet to be a ROPS with effect from 6/4/17
International: qualifying recognised overseas pension schemes (QROPS): what is a recognised overseas pension scheme
Page updated to reflect changes to the conditions a scheme has to meet to be a ROPS with effect from 6/4/17
International: qualifying recognised overseas pension schemes (QROPS): exclusion and other loss of QROPS status
Additions to page to highlight that the guidance hasn't been updated for changes made under Finance Bill 2017
International: qualifying recognised overseas pension schemes (QROPS): QROPS reporting requirements
Addition to page to highlight that the guidance hasn't been updated for changes made under Finance Bill 2017
International: qualifying recognised overseas pension schemes (QROPS): reporting by former QROPS
Page amended to highlight that the guidance hasn't been updated for changes made under Finance Bill 2017
International: UK tax charges on non UK schemes: the member payment charges and taxable property charges: the member payment charges: basic principles
Addition to page to highlight that the guidance hasn't been updated for changes made under Finance Bill 2017

published amendments

Other authorised payments: scheme administration member payments: rebated commission, adviser charging and consultancy charging
Minor change: to activate a top of page heading link and a hyperlink to another page
Annual allowance: pension input amounts: cash balance arrangements
Minor change: to activate a hyperlink
Other authorised payments: Scheme administration member payments: overview
Minor change: activate a hyperlink to another page
Other authorised payments: specific member payments
Minor change: activating sub heading hyperlink
Other authorised payments: scheme administration member payments: contents
Minor change: page republished to reattach recently updated pages
Other authorised payments: contents
Minor change: page republished to reattach recently updated pages
International: UK tax charges on non UK schemes: the member payment charges and taxable property charges: contents
Minor change: page republished to reattach recently updated pages
Member benefits: lump sums: protection of pre-6 April 2006 lump sum rights: contents
Minor change: page republished to reattach recently updated pages
Annual allowance: tax charge: scheme pays: contents
Minor change: page republished to reattach recently updated pages.
Annual allowance: pension input amounts: contents
Minor: page republished to try to reattach updated pages.

published amendments

Contributions: tax relief for members: conditions
This page has been updated to include a reference to fixed protection 2016 in respect of compensation payments. The section on protected non-group life policies has been amended to reflect better the underlying legislation.

published amendments

Member benefits: lump sums: protection of pre-6 April 2006 lump sum rights: scheme-specific lump sum protection - overview
Major change: Incorrect wording inserted at last update (7 April 2017) re. effect of pension advice allowance payment has been removed.

published amendments

Contributions: tax relief for members: conditions
Republishing to push update to GOV.UK

published amendments

Protection from the lifetime allowance charge: fixed protection, fixed protection 2014 and fixed protection 2016: essential principles
The page has been updated to remove repetition under 'How the 'scheme pays' process for an annual allowance charge affects the lifetime allowance' and to correct typographical errors.
Information and administration: The Pension Scheme Return
The page has been updated to correct typographical errors.
Information and administration: essential principles: retention of records
The page has been updated to reflect the introduction of Individual Protection 2016.
Investments: taxable property: direct holdings
The page has been updated to correct typographical errors.
International: double taxation relief
The page has been updated to include some omitted words ('the non-UK pension scheme') in the final sentence of the first paragraph under the heading 'Tax relief for individuals'.
Transfers: Member and scheme administrator considerations for transfers to registered pension schemes
The page has been updated to include a reference to fixed protection 2016 (alongside existing references to other protections).
Protection from the lifetime allowance charge: lifetime allowance enhancement factors: pension credit factor
The page has been updated to explain the effect of the exceptions to using the 'current SLA at the time of the BCE' when calculating 'APC'.
The lifetime allowance and the lifetime allowance charge: benefit crystallisation events: pensions in payment on 6 April 2006
The page has been updated to provide further clarification re: capped drawdown.
Death benefits: types of pension: dependants’ drawdown pension: dependants’ flexible drawdown pension (up to 5 April 2015)
The page has been updated to correct formatting and a typographical error.
Member benefits: lump sums: small pension payments
An amendment has been made to include a reference to fixed protection 2016 (alongside existing references to enhanced protection, fixed protection and fixed protection 2014).
Member benefits: lump sums: trivial commutation lump sum
An amendment has been made to the second bullet under 'Valuing pension rights for trivial commutation purposes: relevant crystallised pension rights' to clarify which factor must be used.
Member benefits: lump sums: protection of pre-6 April 2006 lump sum rights: scheme-specific lump sum protection - overview
An amendment has been made under the third bullet of 'Conditions for scheme-specific lump sum protection'. The reference to lump sum rights has been removed.
Annual allowance: tax charge: scheme pays: general
Minor change: The page has been updated to correct a typographical error. The final paragraph was a repeat of text appearing earlier on the page and has been removed.
Annual allowance: carry forward: general
In-page links repaired
Annual allowance: pension input amounts: other money purchase arrangements
Minor change: The page has been updated to correct a typographical error and to insert a new hyperlink to further information on refund of excess contributions lump sums.
Contributions: refunds of contributions
The content about short service refund lump sums is revised in connection with the changes to s71 Pension Schemes Act 1993 from 1 October 2015 (2 year period reduced to 30 days).
Contributions: tax relief for members: methods: relief at source
The page has been updated to correct a formatting error.
Contributions: essential principles
The final sentence has been deleted, as PIPs now follow the tax year.
Glossary
Glossary: The definition of standard lifetime allowance now includes Fixed Protection 2016 & Individual Protection 2016.

published amendments

Information and administration: information that must be provided if requested by the deceased member’s personal representatives
The page has been updated in connection with fixed protection 2016, individual protection 2014 and individual protection 2016.

published amendments

Protection from the lifetime allowance charge: protecting Pre-April 2006 pension rights: primary protection
The hyperlinks to the Insurance Policyholder Taxation Manual have been amended.
International: qualifying recognised overseas pension schemes (QROPS): contents
page republished
International: qualifying recognised overseas pension schemes (QROPS): exclusion and other loss of QROPS status
Republished to appear on GOV.UK menu
International: qualifying recognised overseas pension schemes (QROPS): reporting by former QROPS
Republished to appear on GOV.UK menu
International: qualifying recognised overseas pension schemes (QROPS): QROPS reporting requirements
Republished to appear on GOV.UK menu
International: qualifying recognised overseas pension schemes (QROPS): what is a recognised overseas pension scheme
Republished to appear on GOV.UK menu
International: qualifying recognised overseas pension schemes (QROPS): what is an overseas pension scheme
Republished to appear on GOV.UK menu
International: qualifying recognised overseas pension schemes (QROPS): what makes a scheme a QROPS
Republished to appear on GOV.UK menu
International: Overseas membership of a registered pension scheme
Additional text to show page not yet updated for FA 2017 changes
Information and administration: information that must be provided if requested by the deceased member’s personal representatives
The page has been updated in connection with fixed protection 2016, individual protection 2014 and individual protection 2016.
Information and administration: the member must provide information about any lifetime allowance protection they have
The page has been updated in connection with Individual Protection 2016 and to correct typographical errors.
Member benefits: lump sums: Pension commencement lump sum (PCLS): available portion
The page has been updated to include fixed protection 2016 and individual protection 2016.

published amendments

Information and administration: information requirements where the scheme member has died: contents
Rrepublication to make link to PTM165200 operational