Pension Input Periods

Each arrangement has a pension input period (defined by HMRC in RPSM) which is used for Annual Allowance purposes.

On the Members, Member Details screen, the Contributions tab has a grid for the history of pension input periods (PIPs).

The rules for PIPs changed on 8^th July 2015. From that date each PIP ends on 5^th April.

Entering PIPs

There is no need to store the PIP every year. The following rules apply for determining the PIPs:

1. If no PIP is stored, 5^th April is assumed for all years.

2. If only one PIP is stored, PIPs will be assumed to end on 5^th April until that date is reached and then on each anniversary of that date after it until 8^th July 2015.

3. If the PIP changes again, i.e. there are 2 records in the PIP grid, PIPs will be assumed to end on 5^th April until the first date is reached and then the user needs to input all PIPs manually until the last change, afterwards PIPs will be the anniversary of the last date

4. PIPs cannot be entered for a date after 8^th July 2015. Any dates already entered for a later date will be ignored.

PIP Analysis

The PIP Analysis button allows you to produce a schedule of contributions in Excel, with totals show for each PIP.

It also performs checks on the data stored to help you ensure the above rules are followed. If a PIP is not stored or generated for each tax year, a message will invite you to check data (similarly if more than 1 PIP ends in a tax year).

A PIP date will always be generated at 8^th July 2015 and each 5^th April therafter.