PERSONAL PENSIONS (INCLUDING STAKEHOLDER PENSIONS)
QUESTIONS AND ANSWERS - LEGISLATION AND PRACTICE
The evidence must obviously be for the basis year actually chosen. The pension provider now has to see the evidence.
For self employed
- a copy of the policyholder's Inland Revenue self-assessment tax form or
- a solicitor's, accountant's or auditor's letter confirming net relevant earnings
- copy payslip for the last pay period in the chosen basis year or P60
- declaration from member's employer
- copy self-assessment tax return.
We have also produced a template which accountants/auditors/solicitors can use to confirm net relevant earnings. The Inland Revenue saw this template before we had it added to our Extranet site (from 6/4/01). It may be preferable for some to use this form when getting evidence from their solicitor / accountant as it should be easier (and cheaper) to provide the information. A copy of the form is available by clicking here.