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Pensions schemes latest newsletter

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The May 2024 newsletter covers various subjects including the following:

  • Transitional tax-free amount certificates: HMRC have published a tool for pension scheme members to check if they can apply for a transitional tax-free amount certificate from their scheme.
  • Payroll reporting for 2024/25: HMRC have provided further clarity on payrolling of various authorised lump sums.
  • Relief at source: a reminder that the deadline for submitting the 2023/24 annual return of information is 5 July 2024.
  • Pension scheme return: from April 2025, scheme administrators will need to submit any pension scheme returns for 2024/25 onwards on the Managing Pension Schemes service.
Issue: 1666
Categories: News
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