Jurisdiction(s):
United Kingdom

Related legal acts

Key definition

Debt definition

What does Debt mean? Debt, in pensions practice, is the sum an employer must pay to an occupational defined benefit pension scheme to meet any funding shortfall when the employer ceases to participate or the scheme winds up. In England & Wales and Scotland, this employer debt (commonly the section 75 debt) is a statutory liability under section 75 of the Pensions Act 1995 and the Occupational Pension Schemes (Employer Debt) Regulations 2005. It is typically calculated on a buy-out basis (the estimated cost of securing members’ benefits with an insurer) and becomes immediately due to the trustees on a trigger such as...

Precedent letter of claim for commercial contract debt (England and Wales)—CPR Pre-Action compliant; includes Late Payment of Commercial Debts Act interest, fixed sums and recovery costs

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Precedents

[ ON THE CLAIMANT’S SOLICITORS’ LETTERHEAD ]
Our reference: [ insert your file reference for this matter ]
FAO [ Insert name of the debtor’s solicitors ]
[ Address line 1 ]
[ Address line 2 ]
[ Postcode ]
[ Date ]

Dear [ insert name ]

[ Insert creditor’s name ] AND [ Insert debtor’s name ]

LETTER OF CLAIM

[ Further to our correspondence dated [ insert date of previous correspondence, if any ] ]. [ As you will be aware, we OR We ] represent [ insert client’s full name ], whose address is [ insert full address ]. This is our client’s letter of claim, issued in compliance with the Practice Direction Pre-Action Conduct and Protocols under the Civil Procedure Rules (the ‘Practice Direction’), and for convenience a copy is enclosed. Please note the final section of this letter, which specifies the deadline by which your reply is required, together with the consequences of any failure to respond properly within that period. [ Your client should notify their insurer of this claim immediately ]...

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Web page updated on 22/05/2026

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I, [ name ], of [ address ], solemnly and sincerely state that: [ Matters to be verified, set out in numbered paragraphs ] I make this solemn statement in good conscience, believing it to be true, and pursuant to the provisions of the Statutory Declarations Act 1835. DECLARED at [ details ] this [ day ] day of [ month and year ] Before me ................................................................................ [ signature of the person before whom the declaration is made ] A [ commissioner for oaths OR [ solicitor OR [ insert other qualification ] ] authorised to administer oaths ]...