The latest pension schemes service newsletter outlines HMRC’s new digital pension scheme registration and administration service.
The new service, called Manage and Register Pension Schemes, will:
provide a new digital platform for you to manage and register your pension schemes provide a digital account for all pension schemes and reporting issue all HMRC notifications regarding registration through the new service hold details of existing pension schemes, pension scheme administrators and pension practitioners following migration from the existing Pension Schemes Online service.The new system is to be released in two phases, the first of which will begin from 8 May 2018. This is to allow HMRC to fully test the system as different features go live.
The first phase will allow access to the Manage and Register Pension Schemes services and introduce provisions to allow users to apply to register a pension scheme with HMRC. There will then be an ongoing process of adding to the system.
Phase two begins in April 2019, when HMRC plans to introduce features that will allow for scheme reporting.
The pension schemes service newsletter provides greater detail about the roll-out of the service.