EPN133 - Important! Tax simplification – Summary of changes
Date posted: 01/11/2005
Audience
This Notice will be of particular interest to:
HR Managers;
Pay and policy teams
Payroll managers
Actions
To note scheme changes and issue the enclosed office notices at Annex A and Annex B, inserting appropriate information where indicated and including or deleting the optional text on Compulsory Early Retirement (CER) / Flexible Early Retirement (FER) estimates highlighted in Annex A, as soon as possible. Please issue Annex A first, and Annex B within 1 week if possible. Do not change any of the wording without consulting CSPD.
To note that you may need to change your communications about early retirement exercises to reflect changes to the CER/FER arrangements.
To note the provision of pensions and tax information and workshops for high earners (para 10) and the need to contact any high earners in your organisation
To note the ‘Tax changes – important notice’ wording at Annex C that your APAC will issue with any estimates now for awards to be made after April 2006.
To note the new timeframe for transfers of non occupational pensions into the scheme (see para 23).
To consider the impact of scheme changes following tax simplification with your payroll provider (see para 34).
