Teachers' Pensions
Scheme Pays Election

Scheme Pays Election

  • Can I amend a Scheme Pays Election after I have retired?

    Yes, as long as the Mandatory Scheme Pays election was made prior to retirement, then you have until the 31 July, 4 years from the end of the tax year to which your liability relates to amend the election e.g. a Mandatory Scheme Pays election for the 2017/18 tax year, can be amended up to 31 July 2023.

    (The deadline to amend a Scheme Pays election that has been voluntarily accepted by the Scheme is yet to be determined.)

    If you have amended a Scheme Pays Election you will need to amend your Self-Assessment Tax Return (SATR).

    For more information on how to amend a SATR and the timescales surrounding, it please see our ‘Tax Return Guidance’.

  • Can I make a Scheme Pays Election once I have retired?

    Unfortunately the answer is no, a Scheme Pays election must be received prior to your retirement. Prevailing legislation is very specific on this point.

  • Will my Family benefits upon death be affected by my Scheme Pays elections?

    Family Benefits payable upon your death are not reduced by any Scheme Pays elections that you have made.

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