You must tell us if your circumstances change when you have a loan under the Pension Loans Scheme.
You must tell us in case they impact your loan. For example, you must tell us if you sell the property you used as security for the loan.
If you don’t tell us when changes happen, you may be doing the wrong thing.
How and when to tell us
The easiest way to tell us about changes is through our self service options.
You need to:
- tell us within 14 days of the change
- make sure your details are current in myGov
It’s never too late to report a change.
If you don’t tell us
If you don’t tell us about changes, we may pay you too much. If this happens you’ll have to pay the money back plus a fee.
If you don’t tell us about changes on purpose, you could be committing fraud.
Read about how to avoid committing fraud.