DB and hybrid (mixed benefit) scheme return
Additional information and resources to help you prepare for and complete a scheme return for defined benefit (DB) schemes and those offering mixed benefits (hybrid).
See scheme return for further information about completing the scheme return, including the most common queries.
- We will send scheme return notices in early 2027.
- You must complete your scheme return and submit it to us by 31 March 2027.
- If you're unable to complete the scheme return by the due date, contact us.
Prepare for your scheme return
Update your scheme contacts using Exchange
Before taking any other action, log into Exchange and make sure your scheme contact details are up to date. This helps us send the scheme return to the correct person.
Make sure you can get the information you need
Familiarise yourself with your previous scheme return and gather the information you need. You can generate your previous scheme returns on the Scheme Maintenance section of your scheme return.
We no longer provide an example scheme return. If this is your first scheme return, you can familiarise yourself with the scheme return information requirements and any related guidance.
Find the scheme rules, the latest annual report and accounts and any recent statements of the scheme assets and contributions ahead of time.
Contact any third parties that may hold the required information in good time, as it may take time for them to provide it to you.
If you have any queries about the scheme return, contact us.
Sections of the scheme details you can complete in Exchange now
You don’t need to wait until we request the scheme return before starting some sections of the scheme details in Exchange. You can review and update categories in the following sections now.
Any changes you make to these sections will save automatically and will be pre-populated in the scheme return.
Contact details
- Scheme return contact details
- TPR Levy contact
- Pension tracing contact
- Pensions dashboard primary contact
Scheme details
- Scheme name and address
- Scheme status and HMRC reference
- Hybrid details
- Scheme investments
- Small scheme details
- Executive pension scheme
- AVC providers
- Charge restrictions and notification
- Restriction on early exit charges
Trustee details
- Individual trustees
- Corporate trustees
Service providers
- Insurers
- Scheme auditor
- Scheme actuary
- Scheme administrator
Financial details
- S179 valuation
- Part 3 funding valuation
- Scheme in surplus – schemes with valuation effective dates from 22 September 2024 will not have to answer these
- Value at risk calculation
- Buy-out calculation
- Asset-backed contributions
- Indexation/GMP/NPA
- Incentive exercises
- Liability hedging
- Assessing credit risk for bonds
Employers
- Current employer details
- Multi-employer scheme structure
Investment service
- Fiduciary managers
- Investment consultancy providers
Complete your scheme return
Complete and submit your scheme return to us using Exchange, our online service.
If you have a query and need to contact us, we recommend viewing the information and guidance on this website.
You can view the help text for scheme return questions without having to log in to Exchange. You can also select the help icon in Exchange for further guidance on a particular scheme return question.
See further information on how to use Exchange, including how to associate to a registered scheme.
If you still have any queries about the scheme return, contact us.
Your legal responsibility
As the trustee or manager of a registrable scheme, you must provide us with a scheme return, unless the scheme has only one member, has wound up or another exemption applies.
If you do not submit your scheme return by the deadline stated in the scheme return notice, this is a breach of the Pensions Act 2004 and you could be fined. Your scheme’s PPF levy calculations may also be impacted by late submissions.