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Pensions tapered annual allowance

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HMRC is consulting until 17 February 2016 on The Registered Pension Schemes (Provision of Information) (Amendment) Regulations, SI 2016/Draft.

HMRC is consulting until 17 February 2016 on The Registered Pension Schemes (Provision of Information) (Amendment) Regulations, SI 2016/Draft. These introduce the requirement for pension scheme administrators to provide information to members whose pensionable earnings exceed £110,000 in a tax year, to help determine whether or not their annual allowance may be tapered from 6 April 2016 under the new rules introduced by Finance (No. 2) Act 2015. The regulations also clarify the information to be provided in respect of the transitional year 2015/16. See www.bit.ly/207oB7s.

Issue: 1295
Categories: News
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