Released 27 April 2021
SI 2021/506 extends RTI reporting to non-taxable pension scheme payments following death of the member from 6 April 2022.
The Pension (Non-Taxable Payments Following Death) (Real Time Information) Regulations 2021 provide for the information that a pension payer must send to HMRC under the Real Time Information system, in relation to certain payments made in respect of a member of a registered pension scheme under the Finance Act 2004, Pt. 4 following the death of that member, where such payments are not taxable as pay as you earn (PAYE) pension income (i.e. the payments are non-taxable). Currently, pension payers making payments of PAYE pension income are already required to send to HMRC similar information in respect of such payments, using the Real Time Information system. The Regulations will extend this requirement to payments of such non-taxable payments, which do not fall within the scope of the current requirements. The Regulations come into force on 6 April 2022.