Mandatory Scheme Pays Election
If your annual allowance charge is £2,000 or more and it relates to your EAPF pension savings over £40,000, you can ask EAPF to pay the charge on your behalf but they'll reduce your retirement pension in return for paying your tax.
Download the Mandatory Scheme Pays election form
This form should only be used if you’ve already received a quote for Scheme Pays in respect of your Annual Allowance Tax Charge; for reference, a quote for Scheme Pays can be made by completing a ‘Scheme Pays request form’ and emailing this to info@eapf.org.uk
Voluntary Scheme Pays Election
If your tax charge is less than £2,000 or you have a tapered annual allowance and your pension savings exceed your tapered amount, you can ask EAPF to pay your tax charge on your behalf in return for a reduction in your retirement pension. The EAPF doesn’t have to agree to your request and can refuse to pay your tax.
Download the Voluntary Scheme Pays election form
This form should only be used if you’ve already received a quote for Scheme Pays in respect of your Annual Allowance Tax Charge; for reference, a quote for Scheme Pays can be made by completing a ‘Scheme Pays request form’ and emailing this to info@eapf.org.uk
Scheme Pays request
If you have to pay an annual allowance tax charge to pay and would like to know how your pension would be affected if the EAPF paid the charge on your behalf, please download this form.
Download the Scheme Pays request form