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SPPA Charging Procedures

Summary of SPPA optional charging as at April 2014.

SPPA Activity Detail Charge   
Request for pension estimate by member Charge applies for multiple requests or additional request within 12 months.            
£51
(plus VAT)
Request for Annual Allowance estimate by member / IFA
Charge applies for information in addition to statutory notice received.
£51
(plus VAT)
Request for CETV from member
First request for CETV is FREE.
Second request within 12 months is charged.
£308
(plus VAT)
Request for estimate from IFA
As with requests for estimates at no 1.
£51
(plus VAT)
Request for CETV from IFA
As with requests for estimates at no 3.
£308
(plus VAT)
Requests for references and confirmation of income
£25
(plus VAT)
STSS Capitalisation
Any request for Capitalisation.
£308
plus VAT
per Capitalisation event
STSS Reg E34 Capitalisation
Applies to any request for STSS Capitalisation.
£410
(plus VAT)
Payroll charity collection Normally fixed 2% charge
Charge to employers for one off tasks such as making redundancy calculations
Charge made for Ad hoc tasks which are not core business for SPPA.
A full cost charge should be applied for bulk, one-off tasks.
Hourly charges tobe applied.

Requests for copies of papers on file from members - including medical papers and subject access requests to documents under data protection

 



SPPA are permitted to levy a reasonable administration charge to cover the costs (eg photocopying papers).
Charge allowed and set by data protection Legislation.
£10
Request for duplicate P60
£10
(plus VAT)
Request by member to change their mind on the level of lump sum commutation following submission of pension application but prior to payment
Member is not permitted to change their mind once the lump sum or first pension payment is paid.
£100
(plus VAT)

 

Request for pension estimate by member - Charge is £51 (plus VAT)

Charge applies for multiple requests or additional request within 12 months.

 

Request for Annual Allowance estimate by member / IFA - Charge is £51 (plus VAT)

Charge applies for information in addition to statutory notice received.

 

Link to Scottish Government Website