RPSM05301030 - Scheme Administrator
Pages: Contributions and tax relief: Member contributions - relief
at source: Information required in advance of a claim.
Information to be supplied before claims are made
Scheme administrators have to provide in advance
bank account details and information on signatories to enable their
tax repayment claims to be processed by HMRC (PSS Nottingham). The
required information is:
Bank account details
- the full name of the bank/building
society,
- the full address of the branch of the
bank/building society to which the payments are to be made,
- the branch sort code,
- the account number,
- any special form of identification given
to the account (e.g. current, investment, deposit, special deposit,
number 2 account etc),
- the building society reference number (if
applicable), and
- an account name for use by Bankers
Automated Clearing Services Ltd (BACS). The name must not exceed 18
characters, including spaces.
- a bank paying in slip to verify the
scheme’s bank account details.
Signatories to claims
- the full name of up to five individuals
appointed by a resolution of the scheme administrator's board or
equivalent managing body to sign claims on behalf of the scheme
administrator (only one signature is required on each claim),
- a copy of the resolution of the board or
equivalent managing body appointing each signatory, and
- an original specimen signature of each
signatory.
The application forms for registering
registered pension schemes, which are made online,
include all the details shown above. When HMRC (PSS Nottingham)
register a pension scheme, they will allocate a reference number to
the scheme administrator and issue the appropriate forms to enable
tax repayment claims to be made. Registering for the relief at
source method of tax relief, can be made online either at the same
time as registering a pension scheme (see
RPSM02100000) or at a later
date.
