RPSM05300060 - Scheme Administrator Pages: Contributions and tax relief: Member contributions - overview: Cheques drawn on business/partnership accounts

Cheques drawn on business/partnership accounts

A contribution made by direct debit or standing order from, or a cheque drawn on a:

  • business account or
  • partnership account

may be accepted by you as a payment by the individual in exactly the same way as if the individual had made the contribution from their personal resources.

You should make sure that the contribution is a member contribution and not an employer contribution (see RPSM05102000) by the business or partnership confirming that they have been reimbursed by the member for the amount of the payment.


 

Glossary (RPSM20000000)