HMRC is reforming pensions tax relief, including changes to salary sacrifice arrangements for pension contributions (effective from 6 April 2029) and restrictions on tax-free overseas transfers of UK pensions. The reforms aim to simplify the tax system and prevent tax avoidance while maintaining incentives for pension saving.
In response to: Salary sacrifice reform for pension contributions effective from 6 April 2029
This tax information and impact note is about changes to salary sacrifice for pension contributions.
In response to: Changes to rules for overseas pensions and scheme administrators
In response to: Pensions tax relief — amendments to the relief at source legislation
This measure is about the necessary changes to the legislative framework to modernise the way registered pensions schemes, using relief at source arrangements, claim tax relief on members’ pension contributions from 6 April 2025.
This measure places a duty on HMRC to make top-up payments to individuals who save into an occupational pension under net pay arrangements, if their total taxable income is below the personal allowance.
In response to: Low earners anomaly: pensions relief relating to net pay arrangements
This measure changes the tax treatment of collective money purchase schemes in winding up.
This measure places a duty on HMRC to make top-up payments to individuals who save into an occupational pension under net pay arrangements, if their total taxable income is below the personal allowance.
In response to: Increasing the normal minimum pension age for Pensions Tax
This measure introduces an increase in the normal minimum pension age.
In response to: Pensions Tax Changes to income thresholds for calculating the tapered annual allowance fr…
This Tax Information and Impact Note is about changes to the two income thresholds in calculating the tapered annual allowance and reducing the minimum tapered annual allowance.
In response to: Reform of employer contributions into life assurance and overseas pension schemes
This measure widens the definition of beneficiary for qualifying relevant overseas pension schemes.
This tax information and impact note is about changes affecting pension scheme administrators that reclaim tax relief using the Relief at Source method.
This measure introduces HMRC powers to register and de-register master trust pension schemes and schemes for dormant companies.
This tax information and impact note will provide for a Pension Advice Allowance payment to be a new authorised payment for the purposes of the Finance Act (FA) 2004.
This tax information and impact note makes a number of small changes around foreign private and occupational pension regimes.