The Registered Pension Schemes (Provision of Information) (Amendment) (No.2) Regulations 2011

Amendment of the Registered Pension Schemes (Provision of Information) Regulations 2006

5.  After regulation 5A(1) (unauthorised borrowing: provision of information by scheme administrator to the Commissioners) insert—

“Minimum income requirement: provision of information by scheme administrator to the Commissioners for the tax year 2011-12

5B.— (1) Where section 165(3A) or 167(2A) of the Finance Act 2004 applies to an arrangement (“the specified arrangement”) the scheme administrator shall provide the information specified in paragraph (2) in the form of a written report.

(2) The information required is—

(a) the name of the member or dependant (“the member”) who meets the flexible drawdown conditions and the member’s national insurance number or alternative number obtained in accordance with the procedure described in regulation 3(2)(2) (provision of information by scheme administrator to the Commissioners),

(b) the country or territory where the member’s sole or main address was situated on the date the declaration under section 165(3A)(b) or 167(2A)(b) was made in respect of the specified arrangement, and

(c) the total amount of drawdown pension paid to the member under the specified arrangement for the tax year 2011-12.

(3) The information shall be provided to the Commissioners no later than the 31st January 2013.”.

(1)

Regulation 5A was inserted by S.I. 2010/581.

(2)

Regulation 3(2) was substituted by S.I. 2011/301.