OMERS Pension Guide

Cash in Lieu (CIL) Allowance Application OMERS Workplace Pension Plan

Please complete this form and return it to our Pension Advisers – JMA – corporate@jmurray.co.uk

Your Full Name:

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Employee number:

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➢ I confirm that my total ‘Adjusted Income’ for T apered Annual Allowance (TAA) purposes results in me being adversely impacted by the TAA. As a result, I wish to apply for the CIL Allowance from the next payroll period onwards. ➢ I understand that I will not receive the standard employer Pension contribution entitlement from OMERS (I accept that I will receive no more than the default £10,000 in employer Pension contributions – payable over the course of a tax year, in monthly instalments). ➢ I understand that any excess employer Pension contribution entitlement over £10,000 per year will be paid in the form of a CIL Allowance (subject to the overall £30,000 employer allowance cap, which combines both employer pension contributions and CIL allowance). ➢ I understand that zero routine personal Pension contributions will be payable by me (I understand that if I do have any spare Pension allowance after tapering, it is up to me to calculate this – OMERS will not calculate this for me).

Declaration

➢ I understand that this instruction will remain in place unless I instruct a change at a future Salary Exchange Review that occurs every March (I note that changes cannot be made at any other times).

➢ I understand that OMERS will deduct corporate national insurance at the prevailing rate from my CIL Allowance.

➢ I understand that the post deduction CIL Allowance will be subject to personal tax and personal national insurance.

➢ I understand that OMERS reserves the right to amend or terminate the CIL Allowance at any time.

➢ I confirm that it is my personal decision to request the CIL Allowance – I have received no advice from OMERS.

Signature:

Date: