PSI20.2.6 - Funding and Surpluses: Self-Administered Schemes - Actuarial Valuations

(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)

An actuarial valuation is a review of the financial health of the scheme. It serves as a check on the level of funding in relation to the promised benefits, and where necessary recommends adjustments to contributions or benefits. It is the only available guide to the state of funding and will show whether the scheme is in surplus or deficit. The examination of actuarial reports is therefore an important part of your work on self- administered schemes.

Contact: | Date issued: | Next review: