PSI20.2.26 - Funding and Surpluses: Self-Administered Schemes - Form of Actuarial Reports - Control on Funding - Deficiencies

(This archived guidance relates to HMRC discretionary practice before the 6th April 2006. For current guidance on Registered Pension Schemes see the Registered Pension Schemes Manual)

If the valuation reveals a deficiency the actuary normally recommends that this be made good by increasing the employer’s contributions. Find out what action has been/is taken by the trustees. If contributions are to be increased you will need to know whether the deficiency is to be made good by an increase in the ordinary annual contribution or by a single or series of lump sum special contributions. Where special contributions are to be paid consider them by reference to the instructions in Part 5 Section 3.

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