Scheme Pays quote request form

The deadline for submitting this form was 9 October 2020. Although you can still submit your request, please ensure that you also contact the team to advise that you are submitting a late request so we can ensure that it is identified promptly.

Please complete this form if you are considering paying your Annual Allowance charge using Scheme Pays and you think that your Annual Allowance charge will be greater than £2,000.

We will check if you are eligible for Scheme Pays and, if you are, we will provide you with details of the reduction in your benefits in the Plan and a Scheme Pays application form for you to complete.

    Personal information

    * Your reference number can be found on your pension savings statement.

    Your Scheme Pays information

    Plus

    Equals

    Less

    Equals

    For guidance on what your threshold income and adjusted income are, please refer to the pension savings statement webpage at pearsonpensionsavingsstatement.com/

    Please note that your Annual Allowance and any Annual Allowance tax charge is not shown on your pension savings statement. Your pension savings statement provides you with information about your benefits in the Plan to assist you with calculating these amounts.

    Information on how to calculate whether there is any tax to pay is available on the webpage and at:
    www.gov.uk/tax-on-your-private-pension/annual-allowance

    You will need to make a separate quote request each year you exceed the Annual Allowance.

    Data protection

    The Trustee, as the controller under the EU General Data Protection Regulation, uses certain personal information about you to (amongst other reasons) communicate with you and administer your benefits in the Plan. Your information is shared with the Plan’s administrators, other providers of services to us, and public bodies such as Her Majesty’s Revenue and Customs. For more detailed information on how we use and disclose your information, the protections we apply, the legal bases we rely on and your data protection rights, please see our privacy notice at https://www.pearson-pensions.com/privacy-notice/. If you would like a copy of our privacy notice to be sent to you, please contact the pensions helpline.


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