Delinked payments will be replacing the BPS from 2024 onwards, and will be paid in two instalments until 2028.
For more information on the background to delinked payments, visit: Delinked payments 鈥� read our latest guidance.听
If there鈥檚 anything you鈥檙e unsure about or, if you have any further questions, then NFU members can contact CallFirst on 0370 845 8458 to speak to one our Legal and Technical advisers.
1. Timing
The RPA intends to make two payments every year from 2024-2027.
In 2024, the first payment will be made from 1 August; the second payment was brought forward, and is expected to be in bank accounts from 30 September, instead of from 1 December.
As a result, there will not be a December payment in 2024 for delinked payments.
2. Payment statements
Payment statements will be made after each payment has been received, however, the first instalment statements may arrive slightly later for payments from 1 August, arriving later in August or even September.
Please only contact the RPA after receiving a payment statement if you need to query anything.
Update late October 2024: Due to circumstances outside of the RPA鈥檚 control, there has been a delay to the circulation of information statements for delinked payments made in 2024.
3. Access to statements
The statements when made available online will only be accessible online for 18 months to download for your records once the email has been received.
Those who cannot receive the statement by email, will be sent a copy in the post.
If you fail to download a statement within this 18-month period, you can contact the RPA and request a new statement.
4. Who receives the information?
Statements will be sent to the email address linked to the business. Where no email is associated, however, the statement will then be posted to the registered address. This will also apply for any failed email attempts to send a statement as well.
5. Payment paperwork
Remittance advice will also be posted to the registered business address. This will occur with each instalment paid under the delinked payment process and will show the scheme year and the amount being paid.
6. Fraud reminder
These are new payments and the second instalment will be paid at a different time to what was originally planned for 2024. Please familiarise yourself with measures to prevent fraud: .
More from 皇家华人:
Watch again: Transitioning from BPS to delinked payments