The tax treatment of interest payments which are made where a pension has been underpaid and the administrator pays arrears of pension. Interest payments will qualify as scheme administration member payments where interest is provided on an arm’s length commercial basis, and so will be treated as authorised payments.
Various updates to the Managing Pension Schemes online service.
A further reminder that schemes need to have been moved over to the Managing Pension Schemes service before Accounting for Tax returns can be submitted.
Further clarification of deadlines for reporting tax charges on the Accounting for Tax return where the member has asked their pension scheme to settle their annual allowance charge under Scheme Pays.
The tax treatment of interest payments which are made where a pension has been underpaid and the administrator pays arrears of pension. Interest payments will qualify as scheme administration member payments where interest is provided on an arm’s length commercial basis, and so will be treated as authorised payments.
Various updates to the Managing Pension Schemes online service.
A further reminder that schemes need to have been moved over to the Managing Pension Schemes service before Accounting for Tax returns can be submitted.
Further clarification of deadlines for reporting tax charges on the Accounting for Tax return where the member has asked their pension scheme to settle their annual allowance charge under Scheme Pays.
.jpg?sfvrsn=335a554c_0 "300 x 250 (MPU)")