- Fill in and return the Scheme Pays election form by the following 15 December (of the tax year after you went over the AA). You’ll find your Investment Builder pot value in My USS.
- Complete a self-assessment tax return by 31 January the following tax year. Our tax reference is 00330004RR.
- Let HMRC know the amount of the AA charge we’re covering. It’s your responsibility to make sure the charge is worked out correctly.
Just so you know, we may still process your Scheme Pays if you miss the deadline – but you may be charged a penalty by HMRC. You’ll need to speak to HMRC directly about this.
Once you’ve applied, you may be able to make changes to your application – but you won’t be able to cancel it.