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2244-006 PM602A 2207-001 27/07/2012 14:01 Page 1 PM602A BRASS payroll deduction form Please fill in this form if: You would like to start contributing to BRASS, or You want to change the regular amount.

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How to fill out the Brass Payroll Deduction Form online

Filling out the Brass Payroll Deduction Form online is a straightforward process that allows users to manage their contributions to the BRASS pension scheme efficiently. This guide provides step-by-step instructions to ensure you complete each section accurately and effectively.

Follow the steps to complete your Brass Payroll Deduction Form online

  1. Click ‘Get Form’ button to access and open the Brass Payroll Deduction Form in your preferred online editor.
  2. In the 'Your details' section, fill in your title, surname, first names, employee number, National Insurance number, and contact telephone number. Ensure all information is accurate and written in BLOCK CAPITAL letters.
  3. Proceed to the 'Your BRASS contributions' section. Indicate whether you want to set a regular BRASS payment by entering the amount you wish to contribute each week or specify a one-off contribution amount, ensuring it is at least £2.
  4. If starting contributions, make sure to mention that you will also need to complete a PM85 form to choose your fund allocations. If making changes to existing contributions, confirm that your contributions will remain in previous funds unless instructed otherwise.
  5. In the 'Declaration' section, confirm you wish for the specified amounts to be deducted from your pay before tax. Sign and date the form to validate your request.
  6. Once you have filled out all sections, review your information for accuracy. Save your changes to the form, and then choose to download, print, or share it as required.

Start managing your BRASS contributions online today by completing your Payroll Deduction Form.

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To set up a payroll deduction, you need to complete the Brass Payroll Deduction Form provided by your employer. This form typically requires your personal information, the amount you wish to deduct, and the frequency of deductions. Once you submit the completed form to your HR department, they will process your request and begin the deductions as specified. If you have any questions during this process, the US Legal Forms platform offers guidance and templates to make it easier.

The maximum contribution for the Brass Payroll Deduction Form depends on your specific employer's policies and any applicable state regulations. Generally, employers set limits to ensure compliance with federal guidelines. It's important to check with your human resources department for the exact figures that apply to your situation. By understanding these limits, you can make informed decisions about your contributions.

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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