UK Statutory Instrument 2023 United Kingdom

Customs (Northern Ireland) (EU Exit) (Amendment) Regulations 2023

What this means for your business

2 obligations
3 guides
Enforced by
HMRC
Applies to
United Kingdom
On this page
2 compliance obligations, 3 practical guides
Read full text on legislation.gov.uk

What you must do

2 compliance obligations under this legislation.

Payments and fees 2

Process final guarantee payments for retiring or deceased pension members

If you run a pension scheme, you must work out any final guarantee amount for members who retired or died before 1 Oct 2023. For those still alive, add the amount to their pension account promptly; for those who died, pay the amount to their personal representatives promptly. The same rules apply if a member elected a lump‑sum instead of a pension.

Employer s.5 HMRC Member retired or died before 1 Oct 2023 and is in category …

Recalculate and pay any overdue pension death grants

If your pension scheme has paid death benefits for members who died before 1 Oct 2023, you must check whether the amount was correct. If the grant should have been higher, the scheme must pay the difference to the recipients as soon as possible – paying proportionally if there were more than one recipient.

Director/Officer s.7 HMRC Pension scheme member died before 1 Oct 2023 and a death grant …

Practical guidance

Our guides explain how to comply with the requirements above.

Sections and provisions

14 classified provisions from this legislation.

Duties 3

  • s.5 Members who retired or died before 1st October 2023 final guarantee amount
  • s.7 Pensioner member death grants in respect of members who died before 1st October 2023
  • s.11 Commutation payments taken before 1st October 2023

Definitions 6

  • s.3 Amendment of the Local Government Pension Scheme Regulations 2013 the 2014 Regulations PSPJOA 2022 eligible member
  • s.4 Application and interpretation of this Part final guarantee amount
  • s.6 Death grants calculated under regulation 43 of the 2013 Regulations in respect of members who died before 1st October 2023 deferred guarantee amount
  • s.10 Members who took a transfer out of the fund before 1st October 2023 new scheme
  • s.12 Divorce or dissolution of civil partnership before 1st October 2023. pension sharing order
  • s.14 Interest on payments under the statutory underpin original payment the PSP Directions 2022 final underpin date

Legislative context

Made under