HMRC announces changes to scheme registration system
HM Revenue & Customs (HMRC) has announced that, with effect from today, the pension schemes registration process has changed. They have also changed the way they respond to requests from transferring scheme administrators for confirmation of the registration status of the receiving scheme.
These process changes are part of HMRC's continuing strategy to combat pension liberation. You can find more information about both these changes on the HMRC website.
Click here for the main pension liberation news article, which links though to further articles and guidance on the process changes.
Click here for a joint update with The Pensions Regulator and DWP on the work they are doing to combat pension liberation.
Click here for a factsheet designed to help explain the tax consequences of pension liberation to individuals.