Simple Annual Statement New Template and Rounding
Changes have been introduced to Platinum to enhance the simple annual statement template to include details of benefits taken for partially crystallised members. We have also introduced rounding to the SMPI so that the projected pension figures is now rounded to 3 significant figures (or the nearest £10 if under £1000).
PSR: Investment and Holding Level Data Capture
For an investment, the “HMRC Reportable Asset Class” field has been updated to remove the options “Sponsoring Employer” and “Close Company”, and a new field “FCA Official List” is introduced. This new field allows you to determine whether bonds are on the FCA official list or not for PSR reporting. For an investment holding, a new “Connected Employer” field is introduced, which links to an employer organisation. This is available on all holdings whether it’s self-managed or a holding within a portfolio.
Tax Year 25/26 Updates
As part of our preparation for the 25/26 Tax Year we have started the work to seed in updates to the RTI Schemas for EPS and FPS as well as updating the Scottish tax bands for payroll calculations effective from 06/04/2025.
