Reporting requirements for non-registered pension schemes

Produced by in association with John Hayward

Employment Tax

Guidance

Introduction

The non-registered pension schemes, in respect of which there are reporting requirements to HMRC, covered by this note are:

•
Employer Financed Retirement Benefit Schemes (EFRBS)
•
overseas pension schemes in respect of migrant member relief
•
transfers from overseas pension schemes to the UK
•
qualifying recognised overseas pension schemes (QROPS)

Reporting requirements and EFRBS

The relevant legislations are FA 2004, s 251(1)(a), (2)(e)–(f) and SI 2005/3453.

There are two main areas where information must be provided to HMRC, as follows:

•
when the EFRBS started
•
annually, when benefits are provided from the EFRBS

When the scheme starts

By 31 January, following the end of the tax year in which a scheme comes into operation, the following must be sent to HMRC:

•
the name of the scheme
•
the name and address of the responsible person
•
the date the scheme came into operation

The named ‘responsible person’ is in charge of making this report and any subsequent annual reports. The ‘responsible person’ is defined

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