The UK Government has relaunched the Pensions Commission—almost two decades after its original success—to confront a growing retirement savings crisis that threatens to leave future pensioners worse off than today’s. Announced on Monday 21 July 2025, the revived Commission will investigate why millions of workers are on track for poorer retirements and recommend reforms to […]
Read articleHMRC has published its latest relief at source pension schemes newsletter, containing updates and guidance on pension schemes. The newsletter includes information on the notification of residency status report for 2019 to 2020. It notes that from January 2019, an additional residency status will be added to tell you if your member has Welsh residency status […]
Read articleProposals to give people greater access to their pensions information have been unveiled by the government. New free, user-friendly ‘pensions dashboards’ would allow people to access their information from most pension schemes in one place online for the first time. The aim is to give people accurate, easy to understand, secure information about their pensions. […]
Read articleSome pension savers have been incorrectly receiving tax relief twice on their contributions or not receiving relief at all, HMRC has admitted. In a joint article written by HMRC and The Pensions Regulator (TPR), the two organisations revealed that they were aware of issues with giving tax relief to scheme members and attributed the problem to an […]
Read articleThis newsletter is published by HMRC’s Pension Schemes Services to update stakeholders on the latest news for pension schemes. Pension Schemes Newsletter 105 includes articles on: Of particular interest in this newsletter is the commentary on pensions tax relief. As reported by the Payroll Centre, there have been difficulties around pensions tax relief with some individuals receiving […]
Read articleThe pension schemes newsletter 104 has been published by HMRC. It contains updates and guidance on pension schemes for relevant stakeholders. This issue includes key information for those who operate a pensioner payroll in relation to reporting non-taxable death benefits and operating Pay As You Earn (PAYE) on pension payments. The latest edition includes articles on:
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