Requirement to inform pension providers if ‘flexible access’ has taken place

Fines can be imposed by HMRC if members access their DC pension funds flexibly (ie. trigger the Money Purchase Annual Allowance (MPAA)) and fail to make various notifications to other schemes they are members of within a 91-day time period.

Guidance on this topic has been added to our Pensions and Retirement technical information section which can be accessed using the link below.

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