Accessing pruadviser.co.uk News Online Services Contact Us Portals & Contract Enquiry Adviserwise.com Service Availability Help Site Tools

PRODUCT GUIDE

Mortgage Products Legacy Disclaimer Pension Products Contact Investment Products General

   PENSION PRODUCTS
    PERSONAL PENSIONS (INCLUDING STAKEHOLDER PENSIONS)
     QUESTIONS AND ANSWERS - LEGISLATION AND PRACTICE
      CONTRIBUTIONS

What form of evidence is acceptable?

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

NB Copy accounts for earnings evidence purposes are permitted under the provisions but we will not normally accept these (because of the difficulty in interpreting accounts). We reserve the right to make a charge if we are asked to take copy accounts as the evidence.

For employees

• copy payslip for the last pay period in the chosen basis year or P60

• declaration from member's employer

• copy self-assessment tax return.

Yearly scheme review schedules, signed by the employer, will meet the requirements.

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.