The closing date for making Personal Fund Threshold (PFT) applications is 2 July 2015 with no provision for late applications. The system will not be available after 2 July 2015.

For Defined Benefit Schemes, the statements must show the actual calculation of the accrued benefit at 1 January 2014, calculated in accordance with the legislation, and not the prospective benefit that the individual that the individual will be entitled to at a future retirement date.

For Defined Contribution Schemes, the statement should show the value of the fund at the relevant date (no other date is acceptable for PFT purposes).

PFT applications must be made electronically via ROS or PAYE anytime.