In our March 2016 Update we reported that the Government had published draft regulations which would require a scheme administrator to provide a member with a pensions saving statement if his pensionable earnings exceeded £110,000.


This requirement has been dropped from the final form regulations. HMRC has confirmed in its Pension schemes newsletter 78 that the position for tax year 2016/17 is unchanged, with a scheme administrator only required to provide a standard pension savings statement to a member if that member's pension input amount for that scheme exceeds the general untapered annual allowance of £40,000 rather than if it exceeds the member's personal tapered annual allowance. HMRC states that the requirements for providing a money purchase pension savings statement also remain unchanged. The newsletter also sets out the circumstances in which individuals subject to the tapered annual allowance can use "scheme pays".

Key contacts

Rachel Rawnsley

Rachel Rawnsley

Partner, Head of Pensions
United Kingdom

View profile
Jade Murray

Jade Murray

Partner, Pensions
United Kingdom

View profile
Catherine McAllister

Catherine McAllister

Partner, Pensions
United Kingdom

View profile
Rachel Uttley

Rachel Uttley

Partner, Pensions
United Kingdom

View profile