Draft regulations issued February 2011. Consultation period ended on 31 March 2011
The draft Registered Pension Schemes (Provision of Information) (Amendment No. X) Regulations 2011]
Draft regulations have been issued that will require administrators to provide members with a "pensions savings statement" giving the individual's pension input amount from the scheme for the relevant tax year and three previous tax years, where the individual has exceeded the annual allowance in the scheme. The information must be provided by 6 October following the end of the tax year (6 October 2013 for 2011/12). Administrators will also have to supply the information to other members on request. Employers must supply the administrators with information needed to calculate the pension input amounts by 6 July following the tax year (6 July 2013 for 2011/12).