What is the difference between Administrator and administrator?

As a Pension Fund Trustee you will also be appointed as Administrator which is a new role brought about by The Finance Act 2004 (colloquially known as “Simplication”).  PML Trustees will also be an Administrator.  If the Trustees do something which results in a tax charge on a Member or the Scheme the Administrator has the responsibility of paying this across to the Revenue.

If an Administrator is not appointed by the Scheme, all the Trustees automatically become the Administrators in the eyes of HMRC.  Contrast this with an administrator, a role which Pensions Management Limited fulfils, which is, in its traditional term, an administrator of the Scheme.

Contact us for more about this topic.

0 comments on “What is the difference between Administrator and administrator?
  • SSAS and Legal Entity IdentifiersWhat are Legal Entity Identifiers and Does Your SSAS Need One? From 3rd January 2018 it will be a requirement for legal entities and structures to obtain a reference called a Legal Entity Identifier (LEI) from the London Stock Exchange in order for the trustees of a SSAS to carry on investing. This» Read More
  • Mr T. E.Our experiences with PML have always been positive and we have the utmost confidence in all the services they provide. We have recommended PML’s services to several friends.