PTM011000 - About this manual: introduction

Who the manual is for
Using this manual
Background

Who the manual is for

The Pensions Tax Manual (PTM) is HM Revenue and Customs’ guidance on the taxation of registered pension schemes and certain international pension schemes.

The PTM contains introductory overview guidance, where appropriate, and technical guidance pages which explain HMRC’s interpretation of the law and how it applies.

The PTM is written to help HMRC staff as well as to assist other professionals and specialists.

Using this manual

There is a glossary to the PTM at PTM000001 which contains defined terms. Defined terms in the PTM are in bold text. A word is normally only in bold once in a page but for longer pages a defined term may be in bold text more than once. Where there is a defined term on a page there will also be a link to the glossary at the top of the page.

Background

The taxation of registered pension schemes has altered significantly since the regime was introduced on 6 April 2006 (the date known as ‘A-day’). The PTM was issued in April 2015 and replaced the Registered Pension Schemes Manual (RPSM), incorporating the guidance from the RPSM as it stood at the time. Guidance in respect of the period prior to the introduction of the PTM is covered in archived versions of the RPSM, which can be found on the National Archives website.