If you’d like to go down the ‘Scheme Pays’ route, please note that there are 2 steps to take:
1. Request an estimate for ‘Scheme Pays’
The Government recognises that people may not have the spare cash to pay the Annual Allowance Tax Charge (AATC). Therefore, if the AATC relates to your pension savings in the EAPF, you can ask us to meet some or all of the charge on your behalf in return for a permanent reduction to your annual pension. This option is called ‘Scheme Pays’.
If you have an AATC to pay and would like to know how your pension would be affected if the EAPF paid the charge on your behalf, please download the Scheme Pays Request form. Your completed ‘Scheme Pays request’ form should be emailed to info@eapf.org.uk
For more information about Scheme Pays, read our Scheme Pays Q&A factsheet.
Download the Scheme Pays request form.
2. Make an election for ‘Scheme Pays’
Once you’ve received an estimate for ‘Scheme Pays’ and you’d like to go ahead with this option, please download, complete and return the Scheme Pays election form, below. Please note that, by returning a completed Scheme Pays election form, you’re authorising the EAPF to pay some or all of your AATC on your behalf, in return for a reduction in your retirement pension. Your completed ‘Scheme Pays election’ form should be emailed to info@eapf.org.uk
Download the Scheme Pays election form.
The ‘Scheme Pays election’ form should only be used if you’ve already received an estimate for Scheme Pays in respect of your AATC (see step 1); for reference, an estimate for Scheme Pays can be made by completing a ‘Scheme Pays request form’ and emailing this to info@eapf.org.uk
Our forms are in PDF format which means that you don’t need to print the form to complete it. They can be filled in and signed easily on your computer or other device and then returned via email.
Download our PDF editing guide to see how to do this.