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Get a tax return for a pension scheme

If you鈥檝e been asked to complete a return

If you鈥檙e a trustee of a registered pension scheme you may receive a letter soon after the end of the tax year.

If the pension scheme has previously paid tax or claimed a repayment HM Revenue and Customs (HMRC) will issue a letter telling you that you must complete a tax return (form SA970) for the pension scheme.

If you鈥檝e been asked to complete a tax return you must do so even if no tax or repayment is due.

You must complete and send HMRC a paper tax return as it鈥檚 not currently possible to send the SA970 online.

If you think you need a return but HMRC hasn鈥檛 contacted you

If you haven鈥檛 been asked to complete a tax return you must complete a tax return (form SA970) if any of the following apply:

• you have Income Tax or Capital Gains Tax to pay
• you wish to claim a repayment of tax
• you鈥檝e claimed a repayment already during the tax year

Deadlines for sending in your tax return

If you鈥檙e planning to calculate the tax due yourself the deadline for sending in the return is 31 January following the end of the tax year or scheme accounting year.

If you want HMRC to work out the tax due for you and send you a tax calculation you鈥檒l need to send the tax return back earlier - by 31 October. If you send the tax return after that date HMRC may be able to work out the tax due before the payment deadline (31 January) but can鈥檛 guarantee it so you may have to work out the tax due yourself.

Claiming repayments during the tax year

If you deal with an registered pension scheme or common investment fund that鈥檚 exempt from tax you may wish to claim a repayment of tax during the tax year. In this case you鈥檒l need to complete form R63N 鈥榬epayment request for registered pension schemes鈥�.

At the end of the year you must also use your tax return to tell HMRC the total tax paid during the year, the amount of tax you鈥檝e already claimed back using form R63N, and to claim any remaining tax repayment that may be due.

Payment deadlines

On or before 31 January the scheme must pay:

• any tax that鈥檚 owed from the previous tax year
• the first 鈥榩ayment on account鈥� (advance payment) of tax for the current tax year

There are penalties for not sending the SA970 on time even if the pension scheme has no tax to pay or has already paid the tax.

If you pay too little you will have to pay interest and possibly a late payment penalty.

Ways to pay

You can pay in any of the following ways:

• through your bank鈥檚 internet or phone banking service
• by debit or credit card over the internet
• at your bank or the Post Office
• by Direct Debit - you鈥檒l need to register for HMRC online services
• by posting a cheque to the HMRC Accounts Office

While you can pay your tax bill in various ways electronic methods are usually faster and are more secure.