SAM110187 - Repayments: issue repayment: reallocation or repayment of repayment supplement
Effective date of payment (EDP)
- »Ê¹ÚÌåÓýapp date the RPS was calculated to
Repayment supplement (RPS)
Generally set off or reallocation of a RPS amount does not attract payment of RPS.
However if RPS has been allocated to a charge, other than interest, that is subsequently amended and as a consequence creates an overpayment, then RPS will be calculated on that RPS amount as shown below
From
»Ê¹ÚÌåÓýapp EDP
To
If RPS has been allocated to a charge, other than interest, that is subsequently amended and as a consequence creates an overpayment
- »Ê¹ÚÌåÓýapp Relevant Due Date of the outstanding charge against which RPS is reallocated
Or, if the RPS is to go on record as unallocated
- »Ê¹ÚÌåÓýapp date of reallocation
Or, if the RPS is to be repaid
- »Ê¹ÚÌåÓýapp projected date of issue of the repayment
RPS calculated automatically or manually?
- Automatic
However, where the original RPS amount is set off / reallocated via OAS, ‘from� dates should be provided on SA331 OAS Allocation Form (available for completion and printing from SEES) to the office with accounting responsibility as any RPS will have to be calculated manually.