What is a group scheme?
A group scheme is set up under a deed of trust. This is a legal document which establishes, regulates or amends a trust.
A one-man group scheme is not the same as a single member scheme as the group scheme permits enrolment of additional members in the future.
How is the fee paid?
Since February 2011 the Pensions Board only accept payments for occupational pension scheme and trust RAC fees through the Board's Interactive Scheme Information System (ISIS) which may be accessed at https:/data.pensionsboard.ie
Any one of the registered interested parties to a scheme may sign up at the link above and pay scheme fees. Payment is acceptable in the form of credit card, EFT or cheque. It is essential that EFT and cheque payments are supported by the reference numbers generated at the point of processing the payment through ISIS.
Further information is available by emailing the Pensions Board at email@example.com
What date are fees due to be paid by?
Fees are due to be paid by 31 March each year or at such a time as the Board decides. In the case of newly registered schemes, fees are due to be paid within 3 months of registration or by 31 December, whichever is the earlier.