PTM161700 - Information and administration: reportable events 10 to 14, 19 to 20A
Glossary |
This page only covers the requirements for 2011-12 onwards. For earlier tax years guidance can be found in the archived version of Registered Pension Schemes Manual held on the National Archives website.
Reportable event 10: Investment-regulated pension scheme
Reportable event 11: Changes in scheme rules
Reportable event 12: Changes to rules of a scheme treated as more than one scheme pre A-day
Reportable event 13: Change in legal structure of scheme
Reportable event 14: Change in number of members
Reportable event 19: Country or territory of establishment
Reportable event 20: Occupational pension scheme
Reportable event 20A: Master Trust scheme
Regulation 3 The Registered Pension Schemes (Provision of Information) Regulations 2006 - SI 2006/567
Reportable event 10: Investment-regulated pension scheme
Reportable event 10 occurs when a registered pension scheme:
- becomes an investment-regulated pension scheme, or
- ceases to be an investment-regulated pension scheme.
PTM125100 describes which schemes are investment-regulated pension schemes.
The information that must be provided for this event is:
- the date on which the scheme becomes, or ceases to be, an investment-regulated pension scheme, and
- whether or not all the investments held by the scheme comprise contracts or policies of insurance.
Reportable event 11: Changes in scheme rules
Reportable event 11 occurs when a registered pension scheme changes its rules:
- to entitle any person to require the scheme to make either an unauthorised member payment or an unauthorised employer payment, or
- to allow investment other than in contracts or policies of insurance.
The information that must be provided for this event is:
- the fact that the scheme rules have changed, and
- the date on which the change takes effect.
Reportable event 12: Changes to rules of a scheme treated as more than one scheme pre A-day
Reportable event 12 occurs when:
- a registered pension scheme changes its rules in any way, and
- before 6 April 2006 that scheme was treated as two or more separate schemes in accordance with Section 611 Income and Corporation Taxes Act 1988 (split approved scheme).
The information that must be provided for this event is:
- the fact that the scheme rules have changed, and
- the date on which the change takes effect.
Reportable event 13: Change in legal structure of scheme
Reportable event 13 occurs when the legal structure of a registered pension scheme changes from one of the following categories to another of those categories.
Categories from 6 April 2015
- A single trust under which all of the assets are held for the benefit of all of the members and that does not fall within the next category. (This category covers schemes that provide both pension and death benefits. It would also cover a scheme that provides only benefits on death but those benefits were not wholly funded by life insurance policies.)
- A single trust under which all of the assets are held for the benefit of all of the members and which provides only death benefits in respect of a sum assured under an insurance policy in respect of the member’s death. (This category covers group life assurance only schemes. It also covers single member scheme where the only benefits payable under the scheme are following the member’s death and they are wholly funded by a policy of insurance.)
- A body corporate, and
- Other structure.
Categories before 6 April 2015
- A single trust under which all of the assets are held for the benefit of all of the members
- An annuity contract
- A body corporate, and
- Other structure.
The information that must be provided for this event is:
- the date on which the change took effect, together with
- details of which category from the list above now applies to the scheme, and
- in the case of ‘other structure’, a brief description of the nature of the new legal structure of the scheme.
Reportable event 14: Change in number of members
Reportable event 14 occurs when the number of scheme members at the end of a tax year falls into a different band compared with the number at the end of the previous tax year.
The information that must be provided for this event is the new band applicable to the number of scheme members.
Membership bands from 6 April 2015
The bands are:
- 0 members
- 1 member
- 2 - 11 members
- 12 - 50 members
- 51 - 10,000 members
- More than 10,000 members.
Membership bands before 6 April 2015
The bands are:
- 0 members
- 1 - 10 members
- 11 - 50 members
- 51 - 10,000 members
- More than 10,000 members.
The term ‘member’ here includes all types of scheme member not just active members.
This reporting requirement applies to any and every type of registered pension scheme.
There is no requirement for a newly registered pension scheme to report a change in the number of members for the same tax year that it registered.
There is no requirement to report a change in the number of scheme members where the only reason the number of members has dropped to ‘0’ is because the scheme was wound up during the tax year.
Reportable event 19: Country or territory of establishment
Reportable event 19 occurs when a registered pension scheme changes the country or territory in which it is established.
The information that must be provided for this event is:
- the date of the change, and
- the country or territory in which the scheme becomes established.
Reportable event 20: Occupational pension scheme
Reportable event 20 occurs when a registered pension scheme:
- becomes an occupational pension scheme, or
- ceases to be an occupational pension scheme.
The information that must be provided for this event is:
- the fact of the change, and
- the date on which the change takes effect.
Reportable event 20A: Master Trust scheme
Reportable event 20A occurs when a registered pension scheme:
- becomes a Master Trust scheme, or
- ceases to be a Master Trust scheme.
The information that must be provided for this event is:
- the fact of the change, and
- the date on which the change took effect.
The Event Report process and associated time limit (see PTM161100) does not apply to reportable event 20A. The information required for reportable event 20A must be reported to HMRC within 30 days of the event.