RPA have started to pay the first instalment of BPS 2023 payments – with many clients reporting of this arriving yesterday, 1st August.
The payments will be up to 50% of the total annual BPS payment. The remaining balance will be paid in December 2023.
Once your payment has been made, a remittance notice will be sent in the post confirming the amount paid. When the balance payment is made in December, you will receive a claim statement explaining how the 2023 payments have been worked out.
Both the advance and balance payments will reflect progressive reductions applied as BPS payments are phased out in 2027.