The scheme is treated as having made a scheme chargeable payment - failure to make a maximum level of payment from an alternative secured pension fund or a dependant's alternatively secured pension fund in an alternatively secured year

Scheme chargeable payments need to be reported under reportable event 18 of Regulation 3 of The Registered Pension Schemes (Provision of Information) Regulations 2006 - SI 2006/567.

For further guidance on Alternatively Secured Pension Funds see RPSM 09103000. For further guidance on Dependants' Alternatively Secured pensions see RPSM10104750. The manual can be accessed from the left-hand navigation bar.