Release Note

Pension Savings Statements

There is an obligation for pension scheme operators to provide members meeting specific conditions with a Pension Saving Statement by 6 October following the end of each tax year. If a member does not meet these conditions automatically they can still request one from the Scheme Administrator.

SIPP~Pro and SSAS~Pro users have the ability to produce these in the Report Engine and there are two reports available; one that allows you to specify the member numbers that you wish to generate the reports for and these can then be run individually or in bulk. The other automatically generates a list of members that meet the criteria of exceeding the annual allowance in the last tax year and again the statements can be run individually or in bulk.

Taking into account feedback received from when the statements were introduced in 2013 we are now able to provide you with a covering letter for Pension Savings Statements. You can then easily customise this by entering your own text into the content of the letter and adding your company branding if required.

Please contact us at  if you would like us to add the covering letter to your Pension Savings Statement.