HMRC has published Pension Schemes Newsletter 80 which includes further information on the new online application process for individual pension scheme members who wish to claim protection against the lifetime allowance charge.

It confirms that the new online service will replace the interim paper process for applying for Individual Protection 2016 (IP2016) and Fixed Protection 2016 (FP2016) and the online form for Individual Protection 2014.  To apply, members will need an HMRC Online Services account and, as this is an on-line service, members will no longer receive a paper certificate.  Instead, once they have successfully applied for protection, the online service will provide them with a reference number which they will need to keep.

It has also been confirmed that HMRC is continuing to develop an online service for scheme administrators to check the protection status of their scheme members.  It is expected that this will be available later this year but, in the meantime, scheme administrators should continue to check the protection status of their members before making payments by requesting the members to provide appropriate evidence.

The Newsletter can be viewed by clicking here.