SIPP~Pro contains a full suite of functionality to enable providers to record, interrogate and submit data to HMRC and the FSA. Reportable data is recorded as part of carrying out routine administration tasks and can be extracted easily when required.

FSA Reporting - Product Sales Data

Data for inclusion in the quarterly Product Sales Data (PSD) returns to the FSA is recorded and managed in the Administration Module within SIPP~Pro. This includes information about new SIPPs, pension transfers and new Income Drawdown cases.

Whilst there is the ability to run a report for inputting into the FSA’s website in the core SIPP~Pro system, the Product Sales Data Module enables the automatic submission of the data to the FSA’s FTP site.

HMRC Reporting

Data required for all returns to HMRC (Event Reports, Accounting for Tax Returns, Annual Return of Information and Pension Scheme Return (PSR) is recorded in the Administration Module. It can then easily be extracted for submission to HMRC when required.

The Pension Scheme Return Module enables users to extract the PSR data on a scheme by scheme basis for any period and populate a spreadsheet with the required information.

The resulting spreadsheet data can then be used to either populate the HMRC website by retyping the data in or automatic submission directly to the Government Gateway.