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1. Requesting a refund from Pension Schemes Services

Earlier this year, we updated the financial information that you can view on the Managing Pension Schemes service, including the option to request a refund of any overall credit balance displayed on the record.

If you want to request a refund, where possible, pension scheme administrators and practitioners must request the refund through the service.

Once you鈥檝e requested a refund, we鈥檒l aim to process your request within 15 working days. You鈥檒l be able to see when the refund has been made as the credit balance shown on the service, will be reduced accordingly. You鈥檒l also receive confirmation of the refund, and any repayment interest, by post.

Find information on聽how to request a refund through the Managing Pension Schemes service.

2. Pension flexibility statistics

The annual release of official statistics on聽flexible payments from pensions聽has now been published.

HMRC can now give more information on the number of tax repayment claim forms processed for pension flexibility payments.

From 1 July 2022 to 30 September 2022 we processed:

• P55 = 6,759 forms
• P53Z = 2,119 forms
• P50Z = 1,078 forms

Total value repaid: 拢33,088,782

Figures for the period 1 October 2022 to 31 December 2022 will be published in January 2023.

3. Registration statistics

For the period 6 April 2022 to 30 September 2022聽HMRC聽received in total 717 applications to register new pension schemes. This is a 9% decrease compared to applications received in the same period last year.

Of these applications, 65% have been registered and聽HMRC聽has currently refused registration for about 14% of applications. No decision has yet been made on the remainder.

4. Pension Scheme migration

In Managing Pension Schemes service newsletter 鈥� April 2022 we let you know that pension scheme administrators can now migrate pension schemes from the Pension Schemes Online service to the Managing Pension Schemes service.

If you鈥檙e migrating pension schemes, you should select 鈥楢dd a pension scheme from the Pension Schemes Online service鈥� and select each scheme you need to migrate. You should not select 鈥楢pply to register a new pension scheme鈥�. If you鈥檝e incorrectly tried to re-register an existing pension scheme that you鈥檙e an administrator for, email migration.mps@hmrc.gov.uk and put 鈥業ncorrect scheme registration鈥� in the subject line.

Find further guidance on migrating your pension schemes to the Managing Pension Schemes service.

4.1 Enrolling on the Managing Pension Schemes service

In order to be able to migrate pension schemes, there are actions you may need to take:

• scheme administrators must be enrolled on the Managing Pension Schemes service using their existing 鈥楢0鈥� administrator ID

• scheme administrators with multiple scheme administrator IDs will need to have enrolled on the Managing Pension Schemes service using their 鈥榤aster鈥� ID, find further guidance on multiple scheme administrator IDs

4.2 Viewing your list of pension schemes

Once you鈥檝e enrolled and you have access to Managing Pension Schemes service, you鈥檒l be able to see a list of your schemes.

Only pension schemes with a status of 鈥榦pen鈥� on the Pension Schemes Online service will be included on the list.

If you can see schemes on your list that are inactive and should be wound up, you鈥檒l need to submit an Event Report or email migration.mps@hmrc.gov.uk using 鈥楳anaging Pension Schemes 鈥� Wound Up Schemes鈥� in the subject line.

You鈥檒l need to include:

• the pension scheme tax reference (PSTR)
• the name of the pension scheme
• your pension scheme administrator ID
• the date of wind up

If you cannot see listed all the schemes that you have registered on the Pension Schemes Online service or can see schemes listed that you do not recognise, you鈥檒l need to email migration.mps@hmrc.gov.uk using 鈥楳anaging Pension Schemes 鈥� Incorrect list of schemes鈥� in the subject line.

You鈥檒l need to include:

• the pensions scheme tax reference
• the name of the pension scheme
• your scheme administrator ID
• details about why you think your list is incorrect

5. Accounting for Tax (AFT) returns

You can no longer compile and submit new Accounting for Tax returns for any quarter from 1 April 2020 onwards on the Pension Schemes Online service. If you need to submit any new聽AFT聽returns for any quarter from 1 April 2020 onwards, you鈥檒l need to migrate the pension scheme.

If you need to submit a return for the quarter 1 July 2022 to 30 September 2022, you鈥檒l need to have migrated your pension scheme and submitted the return on the Managing Pension Schemes service by the filing deadline of 14 November 2022 to avoid interest and penalties.

Find information on聽how to submit an聽AFT聽return using the Managing Pension Schemes service.

6. Managing Pension Schemes service 鈥� how you can help us

We鈥檙e still looking for people to help us improve the Managing Pension Schemes service.

You can take part in user research and give us feedback by joining the聽. As a member of the panel, we鈥檒l only contact you about the Managing Pension Schemes service.

This is your chance to give feedback and help inform the future design and development of the service, including features such as Event Report and relief at source.

You can also email feedback to pensionsprogramme@hmrc.gov.uk using 鈥楳anaging Pension Schemes service 鈥� feedback鈥� in the subject line.

7. Digitisation of relief at source (RAS)

In section 2 of Pension Schemes newsletter 139 we outlined our plans to modernise the relief at source system. We said that we aimed to deliver in a staged approach, providing functionality to make interim claims digitally by the end of the tax year 2022 to 2023.

7.1 Digital interim claims 鈥� update

The delivery of a digital interim claims service has proved more complex than we originally thought. Our overriding priority is to deliver a full digital service, including individual level data, for digitisation of relief at source claims by April 2025.

We had intended that the digital interim claims service would be the first step towards this. However, having reviewed the work necessary for both the interim claims service and the full service, we鈥檝e reluctantly decided not to proceed with a digital interim claims service.

7.2 Update on delivery

We are now focussing our delivery effort on ensuring we deliver the new digital relief at source service by April 2025.

This will modernise reporting for schemes and deliver improvements for you, members, employers and HMRC.聽All claims will be based on individual level data to allow HMRC to accurately calculate the tax relief due.

The potential benefits include:

• streamlined reporting to HMRC, with multiple forms and returns merged into one regular report
• quicker payments as most claims will be paid within days of receipt, rather than weeks
• removal of the need for some declarations from individuals 鈥� as HMRC will establish eligibility and the amount of relief
• an alternative approach for handling overpayments of Pensions Tax Relief

We鈥檙e working closely with a group of stakeholders from the pensions industry to help us understand the challenges and benefits. We鈥檒l continue to work with those in the industry to co-design the new service, test the new processes throughout the development phase and seek feedback to iterate our design.

If you have any questions about digitisation of relief at source, email: pensionsprogramme@hmrc.gov.uk.