HMRC’s Pension Schemes Services are publishing a newsletter to update stakeholders on the latest news for pension schemes in relation to the effect of the Scottish Rate of Income Tax.
Since The Scottish rate of Income Tax was introduced pension scheme members now receive tax relief on their contributions based on their residency tax status. For scheme administrators operating relief at source pension schemes, if the Scottish rate of Income Tax differs from the rest of UK rate, this affects the amount of tax relief given to each member.
Starting in January 2018, HMRC will tell pension scheme administrators operating relief at source pension schemes their individual scheme members’ residency tax status.
The full newsletter is available here with further information:
Using the Secure Data Exchange Service Advisory reports Notification of individual scheme members’ residency tax status - January 2018 Residency tax status look up service