PSI20.5.24 - Funding and Surpluses: Insured Schemes - Common Trust Funds - Deposit Administration - Procedure

(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)

Deposit administration schemes are really self-administered because the money invested belongs to the trustees. Those schemes with 12 or more members therefore fall within the scope of the surpluses valuation regulations (see PSI20.8.12). You should deal with these schemes in accordance with the instructions set out in PSI22.4.24-27.

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