DMBM115420 - Create charges by IT system: Create charges in CTF: Create charges for overpaid CTF contributions

Some content of this manual is being considered for archiving. If there is content you use regularly, please email hmrcmanualsteam@hmrc.gov.uk to let us know as soon as possible.

Where it is discovered that contributions should not have been paid the actions to be taken will depend upon whether the funds are with

  • The CTF Provider
  • The funds have been paid direct to a child or personal representative

All charges will be issued in the original amount of the contributions made. However the sum to be repaid will be the value of all government contributions plus income/gains arising on those contributions.

The CTF Provider

Issue the letter explaining how the overpayment has occurred (form CTF51) to the CTF Provider with a DN1(X) NUC.

Complete form CTF53 in triplicate and

  • Send a copy to NUC
  • Retain the file copy with the papers
  • Retain the control copy for the Annual Balance.
  • Enter CTF53 details in to the Record of Overpayments Workbook
  • Draft a letter to the customer.

Change the payment status of the endowment on the CTF system to recouped .

Funds have been paid direct to a child or personal representative

Issue the letter explaining how the overpayment has occurred (form CTF52) to the child or personal representative with a DN1(X) NUC.

Complete form CTF53 in triplicate and

  • Send a copy to NUC
  • Retain the file copy with the papers
  • Retain the control copy for the Annual Balance.
  • Enter CTF53 details in to the Record of Overpayments Workbook

Change the payment status of the endowment on the CTF system to recouped.