With the deadline for completion of Type 2 certificates by the end of February, we thought we’d cover some of the questions we’ve been asked recently.
Why do we have to fill in a form?
The intention of the certificate is to check that the right tier rate has been applied and to provide a mechanism for calculating balances due to be paid or repaid. The certificate is then used to update your pension record
What happens if we just ignore it?
If you don’t complete and submit a form, your pension record won’t get updated properly – so you’ll be paying for benefits you’ll never receive.