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Introduction

The non-registered pension schemes, in respect of which there are reporting requirements to HMRC, covered by this note are:

1. •

   Employer Financed Retirement Benefit Schemes (EFRBS)

2. •

   overseas pension schemes in respect of migrant member relief

3. •

   transfers from overseas pension schemes to the UK

4. •

   qualifying recognised overseas pension schemes (QROPS)

Reporting requirements and EFRBS

The relevant legislations are FA 2004, s 251(1)(a), (2)(e)–(f) and SI 2005/3453.

There are two main areas where information must be provided to HMRC, as follows:

1. •

   when the EFRBS started

2. •

   annually, when benefits are provided from the EFRBS