SAM110187 – Repayments: issue repayment: reallocation or repayment of repayment supplement


Effective date of payment (EDP)

  • The date the RPS was calculated to
Repayment supplement (RPS)

Generally set off or reallocation of a RPS amount does not attract payment of RPS.

However if RPS has been allocated to a charge, other than interest, that is subsequently amended and as a consequence creates an overpayment, then RPS will be calculated on that RPS amount as shown below



FromTo
The EDPIf RPS has been allocated to a charge, other than interest, that is subsequently amended and as a consequence creates an overpayment
  • The Relevant Due Date of the outstanding charge against which RPS is reallocated

Or, if the RPS is to go on record as unallocated
  • The date of reallocation

Or, if the RPS is to be repaid

  • The projected date of issue of the repayment

RPS calculated automatically or manually?

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