Unauthorised Payment

Unauthorised Payment definition

/ʌnˈɔːθərʌɪzd/ /ˈpeɪm(ə)nt/

What does Unauthorised Payment mean?

A payment made to a member or employer by a registered pension scheme that is not authorised by HMRC. Unauthorised payments are subject to tax penalties. Any payment that does not fall within the definition of an authorised member payment is generally considered to be an unauthorised member payment.

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