Tel: 01283 701569

Experienced Independent Financial Advisers

HMRC Pension Scheme Newsletter 87

29 Jun 2017

Newsletter providing HMRC update on the pension advice allowance, RAS, Scottish rate of income tax and changes to the ROPS listing.

HMRC has recently published Newsletter 87 which covers:

· Pension Advice Allowance
· Relief at Source
· Scottish Rate of Income Tax
· Pension Scheme return (SA970)
· Changes to the ROPS listing

Of notable interest:

Pension Advice Allowance

HMRC has received queries from pension scheme administrators asking if their members can request the pension advice allowance from their scheme by email. The Registered Pension Schemes (Authorised Payments) (Amendment) Regulations 2017 say that the request must be made in writing by the member. HMRC confirmed that the member can make this request by email, however it’s down to the pension scheme administrator to decide if they will accept requests by email.

The pension scheme return and the SA970 tax return for trustees of registered pension schemes

HMRC has received a number of queries from pension scheme administrators confusing the pension scheme return (PSR) with the SA970 tax return for trustees of registered pension schemes.

These are 2 different information returns; the pension scheme return and the SA970 tax return for trustees of registered pension schemes. As pension scheme administrator/pension scheme trustee, may have to complete both the PSR and the SA970 tax return for trustees of registered pension schemes.

Footnote: Our belief is that all finacial advice should be tailored to your particular needs and situation. The content of the articles featured in here are for your general information and use only; they are not intended to address your particular requirements or constitute a full and authoritative statement of the law. They should not be relied upon in their entirety and shall not be deemed to be, or constitute advice. Although endeavours have been made to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No individual or company should act upon such information without receiving appropriate professional advice after a thorough examination of their particular situation. Please get in touch to meet with us for a full consultation.

Get in touch for more details

Please fill the form below to contact us

    Your Name (required)

    Company Name

    Your Email (required)

    Areas of concern

    Individual servicesCorporate servicesMiscellaneous


    Your Message

    We take your Privacy Seriously. Personal information submitted to us with this form will be treated in accordance with the Data Protection Act 2018 and General Data Protection Regulations ‘GDPR’. By submitting this enquiry form you expressly consent to be contacted without prior notice or arrangement by using the contact details you have provided on the form. For further information on how we treat your personal information, please view our Privacy Policy

    I have read and agree to the privacy policy. Please retain my details to contact me.Please do not add me to the mailing list.