The UK tax authority HM Revenue and Customs (HMRC) announced on 20 March 2015 that it will be publishing a draft Pensions Tax Manual in the early spring of 2015. This will replace the existing Registered Pension Schemes Manual. The new draft Manual will take into account the changes to how HMRC provides pension tax guidance, in particular the ability to show guidance for pension scheme members, financial advisers, administrators of pension schemes and employers on the pension pages of the UK government website (GOV.UK). The Pensions Tax Manual will concentrate on technical guidance on the pensions tax rules and will also include some of the guidance previously included on pages for scheme administrators.
Following the publication of the draft Pensions Tax Manual in early 2015 there will be a period of around two months for interested parties to submit their comments and a final version of the Manual will be published after taking into account these comments.
