Policy papers and consultations

This measure is about the necessary changes to the legislative framework to modernise the way registered pensions schemes, using relief at source arrangements, claim tax relief on members’ pension contributions from 6 April …

• From: HM Revenue & Customs
• Updated: 22 November 2023

• Pension schemes — relief at source amendments

  Who is likely to be affected Scheme administrators of registered pension…

• Draft legislation (accessible version)

  Pension relief at source (1) Part 4 of FA 2004 (pension schemes) is…

• Explanatory note (accessible version)

  Clause 1: Pension relief at source Summary 1. This measure provides the…

This tax information and impact note is about abolishing the Lifetime Allowance (LTA).

• From: HM Revenue & Customs
• Updated: 22 November 2023

• Abolition of the Lifetime Allowance (LTA)

  Who is likely to be affected Individuals who receive lump sum payments or…

This measure delivers the changes necessary to abolish the pensions lifetime allowance from the tax year 2024 to 2025 onwards, as announced at Spring Budget 2023.

• From: HM Revenue & Customs
• Updated: 18 July 2023

• Abolition of the Lifetime Allowance

  Who is likely to be affected Individuals who receive lump sum payments or…

• Draft legislation (accessible version)

  1. Registered pension schemes (1) Schedule 1 contains amendments relating…

• Explanatory note (accessible version)

  Clause 1: Registered Pension schemes Summary 1. This measure abolishes the…

This measure changes the tax treatment of collective money purchase schemes in winding up.

• From: HM Revenue & Customs
• Updated: 15 March 2023

This measure places a duty on HMRC to make top-up payments to individuals who save into an occupational pension under net pay arrangements, if their total taxable income is below the personal allowance.

• From: HM Revenue & Customs
• Updated: 15 March 2023

This Tax Information and Impact Note outlines the increase to the earliest age at which most pension savers can access their pensions without incurring an unauthorised payments tax charge, the normal minimum pension age, fro…

• From: HM Revenue & Customs
• Updated: 4 November 2021

This tax information and impact note details legislation introduced to ensure the pensions tax framework applies as intended to the public service pension reforms (the ‘McCloud’ case) remedy.

• From: HM Revenue & Customs
• Updated: 27 October 2021

This tax information and impact note is about setting the standard lifetime allowance to 2025 to 2026

• From: HM Revenue & Customs
• Updated: 3 March 2021

This measure widens the definition of beneficiary for qualifying relevant overseas pension schemes.

• From: HM Revenue & Customs
• Updated: 9 November 2018

This Tax Information and Impact Note explains the government’s objective of fairness in the tax system by maintaining the integrity of pensions tax relief.

• From: HM Revenue & Customs
• Updated: 19 March 2014