PSI22.3.15 - Operational Procedures: CORA Processes - PS5

(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)

SELECT 5, BROWSE FILE

SELECT 3, BROWSE FILE DETAILS

1. Input scheme reference number.

SELECT 3, BROWSE MISC DETAILS

2. Press ENTER and check to see if the scheme is already approved (approval status 2/3/4/5/6/8).

• If the scheme is approved, deal with as for PS6 ( PSI22.3.16);
• If the scheme is not approved, proceed as follows:

SELECT 2, AMEND FILE

3. Input scheme reference number.

SELECT 5, ENTER DEFINITIVE DOCUMENTS

4. Input definitive Trust Deed Date as shown on the PS5, type Y in response to TRUST DEED STANDARD? and N in response to SCHEME WOUND UP? then press ENTER;
5. New screen - input standard reference number (e.g. 047/1234/567890/1/X) as shown on the PS5, then press ENTER twice;
6. Press F9 to authorise, input up-to-date practitioner reference if shown on PS5 or covering letter, then press ENTER;
7. New screen - press ENTER, then input APPROVAL TYPE - 1 for a multi-member scheme or 2 for an Individual Arrangement - type N in response to INSTRUCTIONS TO BE ISSUED? then press ENTER.

The scheme is now approved and the form PS5 can be destroyed.