The Registered Pension Schemes (Provision of Information) Regulations 2006

• (d) if the member is entitled to payment of a lifetime annuity under a flexible annuity contract as defined by section 227G(8), a relevant event occurs when the first payment of the annuity is made,

• (e) if—

• (i) the member is entitled to payment of a scheme pension under a money purchase arrangement under the scheme,

• (ii) the member became entitled to the scheme pension on or after 6 April 2015,

• (iii) the member became entitled to the scheme pension at a time when fewer than 11 other individuals were entitled to the present payment of a scheme pension, or dependants' scheme pension, under the scheme, and

• (iv) the scheme pension is not payable under an annuity contract treated under section 153(8) or (8A) as having become a registered pension scheme,

a relevant event occurs when the first payment of the scheme pension is made, and

• (f) a relevant event occurs when a stand-alone lump sum is paid on or after 6 April 2015 to the member by the scheme in circumstances where article 25B(2) of the Taxation of Pension Schemes (Transitional Provisions) Order 2006 applies.

• (3) The matters mentioned in paragraph (1)(a)(ii) are—

• (a) that a relevant event has occurred in relation to the member and that, as a result, the member has flexibly accessed the member's pension rights (although may have first done so previously),

• (b) that if in any tax year the total of the pension inputs to money purchase arrangements, and certain hybrid arrangements, relating to the member exceeds £10,000—

• (i) there will be an annual allowance tax charge on the excess, and

• (ii) the annual allowance for pension inputs to other arrangements relating to the member will be £10,000 less than it would otherwise be, and

• (c) the duties under regulation 14ZB and the circumstances in which the member will have to comply with them.

• (4) The scheme administrator is not required to comply with paragraph (1) in relation to the relevant event if—

• (a) the scheme administrator has complied with paragraph (1) in respect of an earlier relevant event, or

• (b) the scheme administrator is, at any time before complying with paragraph (1) in relation to the relevant event, informed—

• (i) by the member, or

• (ii) by the scheme administrator of another registered pension scheme or the scheme manager of a qualifying recognised overseas pension scheme or former qualifying recognised overseas pension scheme,

that the member flexibly accessed pension rights at a time before the relevant event occurred.

• (5) In this regulation, a reference to a qualifying payment from a fund is a reference to—

• (a) payment of income withdrawal from the fund, or

• (b) payment of a short-term annuity purchased using sums or assets out of the fund,

but does not include payment at a time when the whole of the fund represents rights attributable to a disqualifying pension credit.

• (6) In paragraph (5) “disqualifying pension credit” is to be read in accordance with paragraph 2(3) and (4) of Schedule 29.

Passing-on by member of information under regulation 14ZA if active or contributing etc

14ZB

• (1) Paragraphs (3) and (4) apply if—

• (a) an individual receives a statement under regulation 14ZA from the scheme administrator of a registered pension scheme (the “flexed” registered pension scheme), and

• (b) on the date of the relevant event concerned, or at any later time, the individual is an accruing member (see paragraph (7)) of the flexed or any other registered pension scheme.

• (2) In this regulation—

• “the relevant 13-week period” means the period of 91 days beginning with—the date of receipt if the individual is an accruing member of any registered pension scheme on any day in the period—beginning with the date of the relevant event concerned, andending with the date of receipt, orif not, the first day after the date of receipt when the individual is an accruing member of a registered pension scheme, and

• “the intervening period” means the period—beginning with the date of the relevant event concerned, andending with the first day of the relevant 13-week period.

• (3) The individual must before the end of the relevant 13-week period—

• (a) pass on a copy of the statement, or

• (b) otherwise give notice—

• (i) of receipt of the statement, and

• (ii) of the date of the relevant event concerned or (if applicable) of its having occurred more than 2 years before the start of the relevant 13-week period,

to the scheme administrator of each other registered pension scheme of which the individual is an accruing member on any day in the intervening period; but this is subject to paragraph (6).

• (4) Where, in the case of a particular registered pension scheme other than the flexed scheme, the individual is not an accruing member of that other scheme on any day in the intervening period but becomes an accruing member of that other scheme on a day ( “ the activation day ”) after the last day of that period, the individual must before the end of the 91 days beginning with the activation day—

• (a) pass on a copy of the statement, or

• (b) otherwise give notice—

• (i) of receipt of the statement, and

• (ii) of the date of the relevant event concerned or (if applicable) of its having occurred more than 2 years before the activation day,

to the scheme administrator of that other scheme; but this is subject to paragraphs (5) and (6).

• (5) Paragraph (4) does not apply in connection with the individual becoming an accruing member of any particular scheme if the individual becomes an accruing member of that scheme upon or after becoming a member of that scheme as a result of a recognised transfer after the date of the relevant event concerned.

• (6) Paragraph (3) or (4), as the case may be, does not require the information concerned to be provided to the scheme administrator of a particular scheme if the individual has complied with regulation 14ZD(3) or (4) or 14ZE(3) or (4), or has complied with regulation 3AB(2) or (3) of the Pension Schemes (Information Requirements for Qualifying Overseas Pension Schemes, Qualifying Recognised Overseas Pension Schemes and Corresponding Relief) Regulations 2006, or has previously complied with paragraph (3) or (4), in relation to the scheme administrator of that scheme.

• (7) For the purposes of this regulation, the individual is an accruing member of a registered pension scheme on any particular day if—

• (a) the individual is an active member of the scheme on that day as a result of there presently being arrangements for the accrual of benefits to or in respect of the individual under a cash balance arrangement or hybrid arrangement, or

• (b) a relevant contribution is made under the scheme on that day.

• (8) For the purposes of this regulation, a relevant contribution is made under a registered pension scheme if—

• (a) a relievable pension contribution is paid by or on behalf of the individual under a non-cash-balance money purchase arrangement relating to the individual under the scheme,

• (b) a contribution is paid in respect of the individual by an employer of the individual under a non-cash-balance money purchase arrangement relating to the individual under the scheme, or

• (c) a contribution—

• (i) paid under the scheme by an employer of the individual, and

• (ii) paid otherwise than in respect of any individual,

becomes held for the purposes of a non-cash-balance money purchase arrangement relating to the individual under the scheme;

and in this paragraph “non-cash-balance money purchase arrangement” means a money purchase arrangement other than a cash balance arrangement.

Information provided by scheme administrators on recognised transfers

14ZC

• (1) Paragraph (2) applies if—

• (a) in connection with a member of a registered pension scheme (“the transferring scheme”), there is a recognised transfer from the transferring scheme to another registered pension scheme or a qualifying recognised overseas pension scheme (“the recipient scheme”), and

• (b) the scheme administrator of the transferring scheme has reason to believe that the member first flexibly accessed pension rights before the transfer.

• (2) The scheme administrator of the transferring scheme must provide the scheme administrator or the scheme manager (as the case may be) of the recipient scheme with a statement—

• (a) stating that the scheme administrator of the transferring scheme has reason to believe that the member first flexibly accessed pension rights before the transfer, and

• (b) specifying the date the scheme administrator of the transferring scheme understands to be the date when the member first flexibly accessed pension rights.

• (3) The requirement under paragraph (2) is to be complied with before—

• (a) the end of the 31 days beginning with the date of the transfer, or

• (b) if later, the end of the 31 days beginning with the date when the scheme administrator of the transferring scheme first has reason for the belief mentioned in paragraph (1)(b).

• (4) References in this regulation to an individual first flexibly accessing pension rights are to be read in accordance with section 227G.

• (5) Paragraph (6) applies if—

• (a) in connection with a member of a registered pension scheme (“the transferring scheme”), there is a recognised transfer from the transferring scheme to another registered pension scheme (“the recipient scheme”), and

• (b) paragraph 12 of Schedule 36 (enhanced protection) applies in the case of the member.

• (6) The scheme administrator of the transferring scheme must provide the scheme administrator of the recipient scheme with a statement stating, for each arrangement under the transferring scheme relating to the member, the amount that would be “the permitted maximum” in relation to each of the following lump sums if a lump sum of that description were paid to or in respect of the member under the arrangement —

• a pension commencement lump sum;

• a serious ill-health lump sum;

• an uncrystallised funds pension lump sum;

• a defined benefits lump sum death benefit;

• a pension protection lump sum death benefit;

• an uncrystallised funds lump sum death benefit;

• an annuity protection lump sum death benefit;

• a drawdown pension fund lump sum death benefit;

• a flexi-access drawdown lump sum death benefit.

• (7) In this regulation “the permitted maximum”, in relation to a lump sum of any description, means the permitted maximum relating to a lump sum of that description under Chapter 15A of Part 9 of ITEPA 2003, as that Chapter has effect in relation to the member as modified by paragraph 12A of Schedule 36.

Individual to whom flexible drawdown arrangements applied before 6 April 2015 must tell other schemes if active or contributing etc

14ZD

• (1) Paragraphs (3) and (4) apply if—

• (a) at any time before 6 April 2015, section 165(3A) applied to an arrangement relating to an individual under a registered pension scheme (the “flexed” registered pension scheme), and

• (b) on or after 6 April 2015, the individual is an accruing member (see paragraph (9)) of the flexed or any other registered pension scheme.

• (2) In this regulation “the relevant 13-week period” means the period of 91 days beginning with—

• (a) 6 April 2015 if on that date the individual is an accruing member of any registered pension scheme, or

• (b) if not, the first day after 6 April 2015 when the individual is an accruing member of a registered pension scheme.

• (3) The individual must, before the end of the relevant 13-week period, provide the information specified in paragraph (5) to the scheme administrator of each registered pension scheme of which the individual is an accruing member on the first day of the relevant 13-week period; but this is subject to paragraphs (6) and (8).

• (4) Where, in the case of a particular registered pension scheme other than the flexed scheme, the individual is not an accruing member of that other scheme on the first day of the relevant 13-week period but becomes an accruing member of that other scheme on a day ( “ the activation day ”) after the first day of that period, the individual must, before the end of the 91 days beginning with the activation day, provide the information specified in paragraph (5) to the scheme administrator of that other scheme; but this is subject to paragraphs (7) and (8).

• (5) The information is that, as a result of section 227G(3), the individual is treated for the purposes of sections 227B to 227F as having first flexibly accessed pension rights at the start of 6 April 2015.

• (6) Paragraph (3) does not require that information to be provided to the scheme administrator of a particular scheme if, immediately before 6 April 2015, section 165(3A) applied to an arrangement relating to the individual under that scheme.

• (7) Paragraph (4) does not require that information to be provided to the scheme administrator of a particular scheme if the individual becomes an accruing member of that scheme upon or after becoming a member of that scheme as a result of a recognised transfer made to the scheme after 6 April 2015.

• (8) Paragraph (3) or (4), as the case may be, does not require that information to be provided to the scheme administrator of a particular scheme if the individual has complied with regulation 14ZB(3) or (4) or 14ZE(3) or (4), or has previously complied with paragraph (3) or (4), or has complied with regulation 3AB(2) or (3) of the Pension Schemes (Information Requirements for Qualifying Overseas Pension Schemes, Qualifying Recognised Overseas Pension Schemes and Corresponding Relief) Regulations 2006, in relation to the scheme administrator of that scheme.

• (9) For the purposes of this regulation, the individual is an accruing member of a registered pension scheme on any particular day if—

• (a) the individual is an active member of the scheme on that day as a result of there presently being arrangements for the accrual of benefits to or in respect of the individual under a cash balance arrangement or hybrid arrangement, or

• (b) a relevant contribution is made under the scheme on that day.

• (10) For the purposes of this regulation, a relevant contribution is made under a registered pension scheme if—

• (a) a relievable pension contribution is paid by or on behalf of the individual under a non-cash-balance money purchase arrangement relating to the individual under the scheme,

• (b) a contribution is paid in respect of the individual by an employer of the individual under a non-cash-balance money purchase arrangement relating to the individual under the scheme, or

• (c) a contribution—

• (i) paid under the scheme by an employer of the individual, and

• (ii) paid otherwise than in respect of any individual,

becomes held for the purposes of a non-cash-balance money purchase arrangement relating to the individual under the scheme;

and in this paragraph “non-cash-balance money purchase arrangement” means a money purchase arrangement other than a cash balance arrangement.

Member to inform other schemes if active or contributing etc and, under paragraph 8C of Schedule 28, drawdown pension fund becomes flexi-access drawdown fund and is flexibly accessed

14ZE

• (1) Paragraphs (3) and (4) apply if—

• (a) under paragraph 8C of Schedule 28, the drawdown pension fund in respect of an arrangement relating to an individual under a registered pension scheme (the “flexed” registered pension scheme) becomes the individual's flexi-access drawdown fund in respect of the arrangement, ...

• (b) the individual accesses that flexi-access drawdown fund, and

• (c) on the date (the “first flexi-access date”) that the individual first flexibly accesses that flexi-access drawdown fund (the “first flexi-access”), or at any later time, the individual is an accruing member (see paragraph (7)) of the flexed or any other registered pension scheme.

• (2) In this regulation “the relevant 13-week period” means the period of 91 days beginning with—

• (a) the first flexi-access date if on that date the individual is an accruing member of any registered pension scheme, or

• (b) if not, the first day after that date when the individual is an accruing member of a registered pension scheme.

• (3) The individual must, before the end of the relevant 13-week period, inform the scheme administrator of each other registered pension scheme of which the individual is an accruing member on the first day of the relevant 13-week period—

• (a) of the conversion, and

• (b) of the first flexi-access date or (if applicable) of the first flexi-access having occurred more than 2 years before the start of the relevant 13-week period;

but this is subject to paragraph (6).

• (4) Where, in the case of a particular registered pension scheme other than the flexed scheme, the individual is not an accruing member of that other scheme on the first day of the relevant 13-week period but becomes an accruing member of that other scheme on a day ( “ the activation day ”) after the first day of that period, the individual must, before the end of the 91 days beginning with the activation day, inform the scheme administrator of that other scheme—

• (a) of the conversion, and

• (b) of the first flexi-access date or (if applicable) of the first flexi-access having occurred more than 2 years before the activation day;

but this is subject to paragraphs (5) and (6).

• (5) Paragraph (4) does not apply in connection with the individual becoming an accruing member of any particular scheme if the individual becomes an accruing member of that scheme upon or after becoming a member of that scheme as a result of a recognised transfer after the conversion date.

• (6) Paragraph (3) or (4), as the case may be, does not require the information concerned to be provided to the scheme administrator of a particular scheme if the individual has complied with regulation 14ZB(3) or (4) or 14ZD(3) or (4), or has complied with regulation 3AB(2) or (3) of the Pension Schemes (Information Requirements for Qualifying Overseas Pension Schemes, Qualifying Recognised Overseas Pension Schemes and Corresponding Relief) Regulations 2006, or has previously complied with paragraph (3) or (4), in relation to the scheme administrator of that scheme.

• (7) For the purposes of this regulation, the individual is an accruing member of a registered pension scheme on any particular day if—

• (a) the individual is an active member of the scheme on that day as a result of there presently being arrangements for the accrual of benefits to or in respect of the individual under a cash balance arrangement or hybrid arrangement, or

• (b) a relevant contribution is made under the scheme on that day.

• (8) For the purposes of this regulation, a relevant contribution is made under a registered pension scheme if—

• (a) a relievable pension contribution is paid by or on behalf of the individual under a non-cash-balance money purchase arrangement relating to the individual under the scheme,

• (b) a contribution is paid in respect of the individual by an employer of the individual under a non-cash-balance money purchase arrangement relating to the individual under the scheme, or

• (c) a contribution—

• (i) paid under the scheme by an employer of the individual, and

• (ii) paid otherwise than in respect of any individual,

becomes held for the purposes of a non-cash-balance money purchase arrangement relating to the individual under the scheme;

and in this paragraph “non-cash-balance money purchase arrangement” means a money purchase arrangement other than a cash balance arrangement.

Annual allowance: annual provision of information by scheme administrator to member

Annual allowance: provision of information by scheme administrator to member on request

Information between scheme administrators

Information between scheme administrators

15ZA

• (1) This regulation applies if and to the extent to which there is a recognised transfer of sums or assets (or both) which represent—

• (a) a dependant’s flexi-access drawdown fund,

• (b) a nominee’s flexi-access drawdown fund,

• (c) a successor’s flexi-access drawdown fund, or

• (d) a dependant’s drawdown pension fund,

in respect of a registered pension scheme (“Scheme A”) to another such scheme (“Scheme B”).

• (2) The scheme administrator of Scheme A shall provide the information specified in paragraph (3) to the scheme administrator of Scheme B within 3 months of the transfer.

• (3) The information is—

• (a) which of the descriptions in paragraphs (1)(a) to (d) applies to the drawdown fund from which the sums or assets (or both) are transferred,

• (b) whether a successor has been nominated in respect of that drawdown fund under paragraph 27F of Schedule 28 and the name and address of any individual so nominated,

• (c) where the sums or assets (or both) transferred represent a dependant’s flexi-access drawdown fund, a nominee’s flexi-access drawdown fund or a dependant’s drawdown pension fund, the age at death of the deceased member,

• (d) where the sums or assets (or both) transferred represent a successor’s flexi-access drawdown fund, the age at death of the immediately preceding dependant, nominee or successor (as the case may be), and

• (e) where the deceased member referred to in sub-paragraph (c), or the immediately preceding dependant, nominee or successor referred to in sub-paragraph (d) died before the age of 75—

• (i) confirmation as to whether or not section 579CZA(1) or (2) of ITEPA 2003 (exemption for beneficiaries’ income withdrawal in some cases) apply to payments of income withdrawal from the fund from which the sums or assets (or both) are transferred, and

• (ii) if section 579CZA(1) or (2) do not apply, confirmation as to which (if any) of section 579CZA(4), (5) or (6) of ITEPA 2003 apply to payments of income withdrawal from that fund.

Annual allowance: information to be provided to scheme administrators by certain persons

Pensions and annuities in payment: information provided to and by insurance companies

Payments to insurance companies from drawdown pension funds

Transfers between insurance companies

Information between insurance companies: transfer of sums or assets representing beneficiaries’ annuities

17B

• (1) This regulation applies if and to the extent to which there is a transfer of sums or assets (or both) which represent—

• (a) a lifetime annuity that is being paid pursuant to pension rule 2 in section 165 (guaranteed period for payment of scheme pension or annuity),

• (b) a dependants’ annuity,

• (c) a nominees’ annuity, or

• (d) a successors’ annuity,

as a result of which an annuity payable by an insurance company (“Insurer A”) ceases to be payable and a new annuity becomes payable by another insurance company (“Insurer B”) in the circumstances described in regulation 6(1), 10(1), 19(1) or 20(1) (as the case may be) of the Registered Pension Schemes (Transfer of Sums and Assets) Regulations 2006.

• (2) Insurer A shall provide the information specified in paragraph (3) to Insurer B within 3 months of the transfer.

• (3) The information is—

• (a) which of the descriptions in paragraphs (1)(a) to (d) applies to the annuity in respect of which the sums or assets (or both) are transferred,

• (b) where sums or assets (or both) are transferred in respect of a lifetime annuity that is being paid pursuant to pension rule 2 in section 165, a dependants’ annuity or a nominees’ annuity, the age at death of the deceased member,

• (c) where sums or assets (or both) are transferred in respect of a successors’ annuity, the age at death of the immediately preceding dependant, nominee or successor (as the case may be), and

• (d) where the deceased member referred to in sub-paragraph (b), or the immediately preceding dependant, nominee or successor referred to in sub-paragraph (c) died before the age of 75—

• (i) confirmation as to whether or not section 646B(1) to (4) of ITEPA 2003 (registered schemes: beneficiaries’ annuities from unused funds) apply to payments of the annuity, and

• (ii) if so, confirmation as to which of section 646B(1) to (4) apply to those payments.

Information between insurance companies: transfer of sums or assets representing beneficiaries’ annuities

17C

• (1) This regulation applies if and to the extent to which there is a transfer of sums or assets (or both) which represent—

• (a) a dependants’ short-term annuity,

• (b) a nominees’ short-term annuity, or

• (b) a successors’ short-term annuity,

as a result of which a short-term annuity payable by an insurance company (“Insurer A”) ceases to be payable and a new short-term annuity becomes payable by another insurance company (“Insurer B”) in the circumstances described in regulation 11, 17 or 18 (as the case may be) of the Registered Pension Schemes (Transfer of Sums and Assets) Regulations 2006.

• (2) Insurer A shall provide the information specified in paragraph (3) to Insurer B within 3 months of the transfer.

• (3) The information is—

• (a) which of the descriptions in paragraphs (1)(a) to (c) applies to the short-term annuity in respect of which the sums or assets (or both) are transferred,

• (b) where sums or assets (or both) are transferred in respect of a dependants’ short-term annuity or a nominees’ short-term annuity, the age at death of the deceased member,

• (c) where sums or assets (or both) are transferred in respect of a successors’ short-term annuity, the age at death of the immediately preceding dependant, nominee or successor (as the case may be), and

• (d) where the deceased member referred to in sub-paragraph (b), or the immediately preceding dependant, nominee or successor referred to in sub-paragraph (c) died before the age of 75—

• (i) confirmation as to whether or not section 646C(1) and (2) of ITEPA 2003 (registered schemes: beneficiaries’ annuities from drawdown funds) apply to payments of the annuity, and

• (ii) if so, confirmation as to which of section 646C(1) and (2) apply to those payments.

Individual protection 2016: provision of information by scheme administrator to member on request

14C

• (1) Where—

• (a) an individual is a member of a registered pension scheme on 5 April 2016,

• (b) the individual makes a written request to the scheme administrator for the information mentioned in paragraph (2), and

• (c) the request is received by the scheme administrator before 6 April 2020,

the scheme administrator must provide the individual with the information within 3 months following receipt of the request.

• (2) The information is such information relating to the member's rights under the scheme as is necessary for calculating, in accordance with Part 2 of Schedule 4 to the Finance Act 2016 (individual protection 2016), the member's relevant amount for the purposes of paragraph 9(2) of that Schedule.

Information between scheme administrators: transfer of dependant’s, nominee’s or successor’s funds

Annual allowance: information to be provided to scheme administrators by certain persons

Pensions and annuities in payment: information provided to and by insurance companies

Payments to insurance companies from drawdown pension funds

Transfers between insurance companies

Information between insurance companies: transfer of sums or assets representing beneficiaries’ short-term annuities

Death: provision of information by scheme administrator to trustee

10A

• (1) Where—

• (a) a registered pension scheme makes a payment of a sum on whose payment tax has been charged under section 206, and

• (b) the payment is made to a trustee who is not a bare trustee,

the scheme administrator shall provide to the trustee the information specified in paragraph (2).

• (2) The information required is—

• (a) the amount of the lump sum death benefit on which tax has been charged under section 206,

• (b) the amount of that tax charge,

• (c) the name and pension scheme tax reference number of the registered pension scheme making the payment, and

• (d) the name, date of birth and date of death of the member of the registered pension scheme in respect of whom the lump sum death benefit is paid.

• (3) The scheme administrator shall provide the information specified in paragraph (2) to the trustee before—

• (a) the end of 30 days beginning with the date of the payment to the trustee, or

• (b) if later, the end of 8th March 2017.

• (4) In paragraph (1) “bare trustee” has the meaning given by section 206(10).

Death: provision of information by trustee to beneficiary

10B

• (1) Where—

• (a) a trustee who is not a bare trustee makes a payment out of a sum on whose payment tax has been charged under section 206, and

• (b) the payment is made out of a settlement to a beneficiary who is an individual,

the trustee shall provide to the beneficiary the information specified in paragraph (2).

• (2) The information required is—

• (a) the total of—

• (i) the sum paid to the beneficiary, and

• (ii) the amount of tax that has been charged in respect of that sum under section 206,

• (b) the amount of tax that has been charged under section 206 in respect of the sum paid to the beneficiary,

• (c) the name and pension scheme tax reference number of the registered pension scheme which paid the lump sum death benefit, and

• (d) the name, date of birth and date of death of the member of the registered pension scheme in respect of whom the lump sum death benefit was paid.

• (3) The trustee shall provide the information specified in paragraph (2) to the beneficiary before the latest of the following—

• (a) the end of 30 days beginning with the date of the payment to the beneficiary,

• (b) the end of 30 days beginning with the date of the receipt by the trustee of the information required to be provided by the scheme administrator under regulation 10A, and

• (c) the end of 8th March 2017.

• (4) In paragraph (1) “bare trustee” has the meaning given by section 206(10).

Information provided by member to scheme administrator: enhanced allowances, enhanced protection , fixed protection , fixed protection 2014 , individual protection 2014 , fixed protection 2016 or individual protection 2016

Information provided by members to scheme administrators: pension commencement lump sums

Information provided by members to scheme administrators: recognised transfers

Information provided by individuals to scheme administrator: national insurance number

Information about scheme administrator’s liability for a lifetime allowance charge

Provision of information about unauthorised payments

Information provided to members by scheme administrators about benefit crystallisation events

Information provided to member by scheme administrator where it appears member may be first flexibly accessing pension rights

Passing-on by member of information under regulation 14ZA if active or contributing etc

Information provided by scheme administrators on recognised transfers

Individual to whom flexible drawdown arrangements applied before 6 April 2015 must tell other schemes if active or contributing etc

Member to inform other schemes if active or contributing etc and, under paragraph 8C of Schedule 28, drawdown pension fund becomes flexi-access drawdown fund and is flexibly accessed

Annual allowance: annual provision of information by scheme administrator to member

Annual allowance: provision of information by scheme administrator to member on request

Individual protection 2016: provision of information by scheme administrator to member on request

Information between scheme administrators

Information between scheme administrators: transfer of dependant’s, nominee’s or successor’s funds

Annual allowance: information to be provided to scheme administrators by certain persons

Pensions and annuities in payment: information provided to and by insurance companies

Payments to insurance companies from drawdown pension funds

Transfers between insurance companies

Information between insurance companies: transfer of sums or assets representing beneficiaries’ annuities

Information between insurance companies: transfer of sums or assets representing beneficiaries’ short-term annuities

Information provided by members to scheme administrators: overseas transfers

11BB

• (1) Paragraph (2) applies where—

• (a) a recognised transfer is made by a registered pension scheme to a qualifying recognised overseas pension scheme, and

• (b) either—

• (i) an overseas transfer charge arises in the case of the transfer, or

• (ii) the transfer is excluded from the overseas transfer charge under section 244AC by section 244B ... ....

• (2) Each time during the relevant period for the transfer that the member—

• (a) becomes resident in a country or territory, or

• (b) ceases to be resident in a country or territory,

the member must, within 60 days after the date that happens, inform the scheme administrator of the registered pension scheme that it has happened.

• (3) In a case where the 60 days mentioned in paragraph (2) ends with a day earlier than 30 June 2017, paragraph (2) is to be treated as requiring the information to be given no later than 30 June 2017.

Information provided by individuals to scheme administrator: national insurance number

Information about scheme administrator’s liability for a lifetime allowance charge

Provision of information about liability for overseas transfer charge etc

12A

• (1) If a recognised transfer is made by a registered pension scheme to a qualifying recognised overseas pension scheme and an overseas transfer charge arises on the transfer, the scheme administrator of the registered pension scheme must within 90 days after the date of the transfer provide the member with a notice stating—

• (a) the date of the transfer,

• (b) whether the overseas transfer charge arises under section 244AC or 244IA in the case of the transfer,

• (c) the transferred value of the transfer,

• (d) the amount of the charge on the transfer,

• (e) whether, and to what extent, the scheme administrator has accounted, or intends to account, for the charge, and

• (f) where the scheme administrator has accounted for the charge, the date the scheme administrator did so.

• (2) If a recognised transfer is made by a registered pension scheme to a qualifying recognised overseas pension scheme and the transfer is excluded from the overseas transfer charge under section 244AC by or under sections 244B to 244H, the scheme administrator of the registered pension scheme must within 90 days after the date of the transfer provide the member with a notice stating—

• (a) the date of the transfer,

• (b) that the transfer is excluded from the overseas transfer charge under section 244AC,

• (ba) the transferred value of the transfer,

• (c) the provision by reason of which the transfer is excluded, and

• (d) where that provision is section 244B ..., how the transfer may turn out not to be excluded as a result of the member changing country or territory of residence within the relevant period for the transfer.

• (3) If an overseas transfer charge under section 244AC on a transfer is repaid to the scheme administrator of a registered pension scheme, the scheme administrator must within 90 days after the date of the repayment provide the member with a notice stating—

• (a) the date of the repayment,

• (b) the amount of the repayment, and

• (c) the reason for the repayment.

Provision of information about unauthorised payments

Information provided to members by scheme administrators about relevant benefit crystallisation events

Information provided to member by scheme administrator where it appears member may be first flexibly accessing pension rights

Passing-on by member of information under regulation 14ZA if active or contributing etc

Information provided by scheme administrators on recognised transfers

Further information provided by scheme administrators on recognised transfers to overseas schemes

14ZCA

• (1) This regulation applies if there is a recognised transfer from a registered pension scheme to a qualifying recognised overseas pensions scheme.

• (2) The scheme administrator of the registered pension scheme must provide the scheme manager of the qualifying recognised overseas pension scheme with a statement—

• (a) stating whether or not an overseas transfer charge arose on the transfer, and

• (b) in a case where an overseas transfer charge arose in the case of the transfer, stating—

• (i) the transferred value of the transfer,

• (ii) whether the charge arose under section 244AC or 244IA, and

• (iii) the amount of the charge, and

• (c) in a case where the transfer is excluded from the overseas transfer charge under section 244AC by or under any of sections 244B to 244H, the section under which it is so excluded.

• (3) The requirement under paragraph (2) is to be complied with before the end of the 31 days beginning with the date of the transfer.

• (4) Paragraph (5) applies if overseas transfer charge on the transfer is repaid to the scheme administrator of the registered pension scheme.

• (5) The scheme administrator of the registered pension scheme must provide the scheme manager of the qualifying recognised overseas pension scheme with—

• (a) a copy of the statement under paragraph (2),

• (b) a statement that the original statement is inaccurate and that the overseas transfer charge on the transfer has been repaid to the scheme administrator, and

• (c) the reason why the transfer is excluded from the charge.

• (6) The requirement under paragraph (5) is to be complied with before the end of the 31 days beginning with the date of the repayment.

Individual to whom flexible drawdown arrangements applied before 6 April 2015 must tell other schemes if active or contributing etc

Member to inform other schemes if active or contributing etc and, under paragraph 8C of Schedule 28, drawdown pension fund becomes flexi-access drawdown fund and is flexibly accessed

Annual allowance: annual provision of information by scheme administrator to member

Annual allowance: provision of information by scheme administrator to member on request

Individual protection 2016: provision of information by scheme administrator to member on request

Information between scheme administrators

Information between scheme administrators

Annual allowance: information to be provided to scheme administrators by certain persons

Pensions and annuities in payment: information provided to and by insurance companies

Payments to insurance companies from drawdown pension funds

Transfers between insurance companies

Information between insurance companies: transfer of sums or assets representing beneficiaries’ annuities

Information between insurance companies: transfer of sums or assets representing beneficiaries’ short-term annuities

Annual allowance: provision of updated information by scheme administrator to member

14D

• (1) Where, for a pension input period falling within the relevant time—

• (a) the scheme administrator has provided a member with information in respect of a pension input period ending in a tax year (“the relevant pension input period”) pursuant to regulation 14A(1) or 14B(1), and

• (b) either—

• (i) the scheme administrator has since been provided with additional information concerning the member by the member’s employer in respect of the relevant pension input period pursuant to regulation 15B (“the regulation 15B information”), or

• (ii) as a result of a change to scheme rules the aggregate of the member’s pension input amounts has changed in any pension input period falling within the relevant time (“the rule change aggregate”), and

• (c) the scheme administrator is not required to provide the member with a pension savings statement for the relevant pension input period under regulation 14A(6C),

the scheme administrator must provide the information referred to in paragraph (1)(a), as amended where necessary by either the regulation 15B information or the rule change aggregate, to the member again (“the updated information”).

• (2) The updated information must be provided by the scheme administrator—

• (a) within 3 months after the scheme administrator receives the regulation 15B information or the change to scheme rules is made, or

• (b) if later, on or before 6th October following the tax year in which the relevant pension input period ended.

• (3) In this regulation “relevant time” means a time beginning with the start of the tax year 6 years before the current tax year and ending with the end of the current tax year.

• (4) In this regulation, “current tax year” means the tax year in which either of the conditions in paragraph (1)(b) are met.

Information between scheme administrators: transfer of dependant’s, nominee’s or successor’s funds

Annual allowance: information to be provided to scheme administrators by certain persons

Annual allowance: additional information to be provided to scheme administrators by certain persons

15B

• (1) Where, for a pension input period falling within the relevant time—

• (a) an employer has provided information to the scheme administrator under regulation 15A, and

• (b) the employer becomes aware that the information provided under regulation 15A is insufficient to enable the scheme administrator to correctly calculate the pension input amounts in respect of the arrangement for the pension input period ending in that tax year,

the employer must provide to the scheme administrator such information as will enable the scheme administrator to recalculate the pension input amounts in respect of the arrangement for the pension input period ending in that tax year.

• (2) The information must be provided to the scheme administrator within 3 months of the employer becoming aware that the information provided under regulation 15A is insufficient or, (if later), on or before 6th July following the tax year in which the pension input period ends.

• (3) In this regulation “relevant time” means a time beginning with the start of the tax year 6 years before the current tax year and ending with the end of the current tax year.

• (4) In this regulation, “current tax year” means the tax year in which the condition in paragraph (1)(b) is met.

• (5) The obligations contained in this regulation shall apply to a responsible person (see paragraph (6)) and for the purposes of applying this regulation to the responsible person, references to “employer” shall be read as referring to the responsible person.

• (6) In this regulation “responsible person” means a person who is responsible for providing the scheme administrator of a registered pension scheme with such information as will enable the scheme administrator to calculate the pension input amounts in respect of a member where the member is an active member of that scheme in relation to an arrangement under the scheme for all or part of a pension input period ending in a tax year.

Pensions and annuities in payment: information provided to and by insurance companies

Payments to insurance companies from drawdown pension funds

Transfers between insurance companies

Information between insurance companies: transfer of sums or assets representing beneficiaries’ annuities

Information between insurance companies: transfer of sums or assets representing beneficiaries’ short-term annuities

Relevant benefit crystallisation events: amount of member’s allowances expended