The process for applying for a certificate of residence for a registered pension scheme has retooled with effect from 4 August.
Form APSS146E must be used by the owner of the scheme assets, or an authorised third party, to request a certificate.
There is no need to send another APSS146E if HMRC already hold a completed form that details who owns the assets.
If an APSS 146 has not been completed because the scheme owner has not previously reclaimed UK tax, he or she can apply for a certificate of residence providing in writing:
Auto-enrolment; Going, going; Associated debt; Employment dead end
Bad news in the government’s response to its consultation on liberalising pensions
Guaranteed guidance on pensions choices will be provided by independent organisations rather than by schemes or their providers, the government has announced following consultation on this year’s Budget announcements.
News measures will allow individuals to transfer from private sector defined benefit (DB) schemes to defined contribution (DC) schemes, subject to two safeguards:
Pension reform: its future course and tax implications
The Finance Bill debate moves on to pensions measures
The system is increasingly haphazard, the Institute for Fiscal Studies has warned
The annual allowance for retirement savings has fallen to £40,000 from £50,000.
The change – with effect from 6 April 2014 – means pensions contributions in excess of the cap during a tax year may be subject to a charge, which must be declared on a self assessment tax return.
But unused allotments from previous periods can be carried forward for up to three years to cover excess contributions. There are two calculators:
Getting to grips with the fundamental concepts of proposed pension changes
Some doctors may have worked overseas during the early years of their careers and might have amassed offshore pension pots. When added to their National Health Service pensions the amounts may exceed the lifetime allowance
ATP Pension Service A/S v Skatteministeriet (Case C-464/12)