Early Repayment Scheme

  • RAC
  • 03/02/09 31/05/09
  • a depositor
  • Offline
Posted: Mon, 06/04/2009 - 08:48

I apologise if this subject has been discused already but I'm relatively new to this website.

My question is: if I apply for the £10,000 early repayment am I gving up my rights to the
remaining balance of funds in my account? The reason I ask if because the application in several places uses words such as "...the Treasury requires me/us to assign some or all of my/our rights".

Are there ANY catches with this scheme?

Thank you for any advice you might have.

RAC

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Rights under EPS

  • bobwin
  • 23/12/08 n/a (free)
  • a depositor
  • Offline
  • Mon, 06/04/2009 - 10:56

You give up your voting rights in respect of the amount you receive under EPS--the remaining money you have is not affected.


EPS

  • RAC
  • 03/02/09 31/05/09
  • a depositor
  • Offline
  • Wed, 08/04/2009 - 09:05

Thank you for your reply. But what are the implications of giving up voting rights? Thank you again.


RAC, re accepting EPS

  • Anonymous
  • Offline
  • Wed, 08/04/2009 - 12:07

If you apply for the Early Payment the impact of your vote for or against the SOA will be reduced by the amount of money you receive through the EPS. In other words, if you have £100,000 in your KSF account and you accept the £10,000 Early Payment, your vote, and only your vote, will be reduced by 10%. This is the only right you will lose. Accepting the EPS will have no bearing on your Right to the remainder of your funds.


Many thanks.

  • RAC
  • 03/02/09 31/05/09
  • a depositor
  • Offline
  • Wed, 08/04/2009 - 17:32

Many thanks.