The Domestic Pension Scheme Framework
The Retirement Benefits Schemes (Domestic Schemes) (General Administration) Regulations 2004 extended to domestic pension schemes the requirement, introduced by Part 1 of the Retirement Benefits Schemes Act 2000, that retirement benefits schemes must register with the Insurance and Pensions Authority. Schemes may be registered as either ‘Authorised’, ‘Recognised’ or (in some cases) ‘Permitted’ schemes.
Registration guidance charts are provided on the Regulations and Guidance page and copies of the necessary application forms relating to the Registration of domestic retirement benefits schemes may be found on the Pension Registration Forms page.
There are a limited number of exceptions to this mandatory Registration requirement; details of which may be found in The Retirement Benefits Schemes (Excepted Schemes) Regulations 2001, a copy of which may be found on the General Regulations page.
Registration with the Insurance and Pensions Authority, and compliance with the necessary Registration requirements, does not automatically extend to a pension scheme tax approved status; which is a voluntary provision. Information concerning tax approval and its associated conditions may be obtained from the Assessor of Income Tax. An application for the grant of tax approved status, if required, may however be made on the Registration application form.
It is important to note that in addition to the conditions governing Registration and tax approval, details of all relevant Department of Social Care pension legislation appertaining to the management of pension schemes may be obtained from the Department of Social Care.
State Retirement Pensions
For information regarding state retirement pensions you should visit the Department of Social Care website where full details of the current state retirement pension provisions are available.
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