Amended pension reporting regulations to require scheme administrators and insurers to provide valuation and beneficiary data for inheritance tax purposes starting April 2027.

These Regulations establish new information-sharing obligations to facilitate the application of inheritance tax to unused pension funds and death benefits for deaths occurring on or after 6 April 2027.

They require pension scheme administrators and insurance companies to provide personal representatives and HMRC with details regarding the value of pension assets, the identity of beneficiaries, and any tax amounts withheld or paid.

The instrument applies to scheme administrators, insurance companies, personal representatives of deceased members, and beneficiaries of registered pension schemes.

Amended the Finance Act 2004 to require HMRC to pay top-up amounts to pension contributors whose net pay arrangements result in less tax relief than relief at source methods.

These Regulations amend section 193A of the Finance Act 2004 to modify how HM Revenue and Customs (HMRC) calculates and issues top-up payments to individuals contributing to registered pension schemes via net pay arrangements.

The regulations direct HMRC to identify and pay the difference to individuals who receive less income tax relief through net pay arrangements than they would have received under relief at source arrangements.

This mandate applies to HMRC Commissioners and affects individuals paying into occupational pension schemes whose tax relief outcomes differ based on the administration method of their scheme.

The Statutory Neonatal Care Pay (Miscellaneous Amendments) Regulations 2025 amended several existing regulations to include statutory neonatal care pay.

These regulations amend existing UK legislation to incorporate statutory neonatal care pay, as introduced by the Neonatal Care (Leave and Pay) Act 2023.

The amendments update the Statutory Payment Schemes (Electronic Communications) Regulations 2002 and Income Tax legislation (Pay As You Earn Regulations 2003 and Construction Industry Scheme Regulations 2005) to include references and administrative processes related to this new parental benefit.

The changes streamline administration and ensure consistent legal treatment of statutory neonatal care pay.