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  • Brass Payroll Deduction Form

Get Brass Payroll Deduction Form

2244-006 PM602B pt1 2207-001 26/07/2012 12:29 Page 1 PM602B (part 1) - Protected BRASS payroll deduction form Please fill in this form if: You would like to start contributing to BRASS, or You want.

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How to fill out the Brass Payroll Deduction Form online

Completing the Brass Payroll Deduction Form online is a straightforward process that allows users to manage their contributions effectively. This guide provides step-by-step instructions to ensure you fill out the form accurately and efficiently.

Follow the steps to complete the Brass Payroll Deduction Form online.

  1. Use the 'Get Form' button to obtain the Brass Payroll Deduction Form and open it in your preferred online editor.
  2. Fill in your personal details in the section titled 'Your details'. Provide your title, surname, first names, national insurance number, employee number, and contact telephone number. Ensure all information is filled out in BLOCK CAPITAL LETTERS.
  3. In the 'Your BRASS contributions' section, indicate whether you want to make a regular payment or a one-off contribution. Enter the specified amount for each option, noting that the minimum contribution is £2 each week.
  4. Complete the 'Your BRASS fund choices' section if you are starting contributions. You must fill out a PM85 form for fund choices. If you do not indicate preferences, contributions will default to the Trustee chosen fund.
  5. Sign and date the 'Declaration' section to authorize the deductions from your pay before tax. Confirm that you have read the important notes regarding your contributions.
  6. Submit the completed form to the Network Rail Pensions Team at the specified address for processing.
  7. Once submitted, you can choose to save changes, download, print, or share the form as needed.

Complete your Brass Payroll Deduction Form online today to manage your contributions effectively.

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The maximum contribution for the Brass Payroll Deduction Form varies based on individual circumstances and employer policies. Typically, employers set limits on contributions to ensure compliance with tax regulations. To find the exact maximum for your situation, consult your HR department or refer to company guidelines. This helps you plan your contributions effectively while maximizing your benefits.

To implement a payroll deduction, first, you need to complete the Brass Payroll Deduction Form. This form requires you to provide your employee details and specify the amount to be deducted from your paycheck. Once filled, submit the form to your HR department or payroll administrator. They will process the request and ensure the deductions reflect in your future paychecks.

You can choose to pay Additional Voluntary Contributions (AVCs), known as BRASS, with the aim of increasing your RPS pension benefits. BRASS contributions are used to provide additional benefits on a defined contribution basis (Money Purchase) and are invested into AVC funds provided by the scheme.

As a BRASS member, you pay Additional Voluntary Contributions (AVCs). If you decide to join BRASS, the money you pay into your BRASS account is invested with the aim of 'topping up' your main Scheme pension for when you retire.

Your BRASS Account also has tax benefits; for example, there is no capital gains tax payable on the capital growth of your fund. You can join BRASS if you are a contributing member of the Scheme.

Please ask your employer about the maximum you can pay. Network Rail members should check their BRASS guide for details. The most you can contribute to BRASS each tax year is the higher of either: 15% of your gross pay, minus your normal Scheme contributions; or.

Please ask your employer about the maximum you can pay. Network Rail members should check their BRASS guide for details. The most you can contribute to BRASS each tax year is the higher of either: 15% of your gross pay, minus your normal Scheme contributions; or.

Additional Voluntary Contributions (AVCs) are a tax-efficient way to save more towards your pension benefits. The Scheme's main AVC arrangement is called BRASS. Your BRASS AVCs are invested in a range of funds with the aim of building up extra benefits over time.

When you take your benefits, the value of your BRASS funds is used to buy you extra pension in your section of the scheme. However, you are required to take a tax-free cash lump sum equal to your BRASS account value, up to the maximum allowed by HMRC.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
Privacy Notice
Legal Hub
Content Takedown Policy
Bug Bounty Program
About Us
Help Portal
Legal Resources
Blog
Affiliates
Contact Us
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate WorkFlow
DocHub
Instapage
Social Media
Call us now toll free:
+1 833 426 79 33
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Brass Payroll Deduction Form
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2023 UK Network Rail PM602B
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