Payment on behalf of members of annual allowance charge
This section has no associated Explanatory Memorandum
119.—(1) The scheme manager must provide a member with information about the payment of an annual allowance charge under section 227 of FA 2004 if the member’s total pension input amount for that tax year exceeds the amount of the annual allowance for that tax year.
(2) The member may request the scheme manager to pay the charge in respect of this scheme on the member’s behalf.
(3) Such a request must be made by notice in writing in such form and subject to such conditions as the scheme manager requires.