Schedule C Basic Information about the Trust RAC
1. The categories of person who are eligible to be members of the trust RAC.
2. The conditions of membership.
3. Whether the trust RAC is approved for the purposes of section 784(4) or 785(5) of the Taxes Consolidation Act 1997, and, if not, whether an application for such approval of the trust RAC is under consideration by the Revenue Commissioners.
4. What benefits, if any, are payable under the trust RAC, and how they are calculated.
5. The conditions on which benefits are paid and any options relating thereto.
6. Which of the benefits, if any, are such that fulfilment of the obligation to pay them to or in respect of particular members is guaranteed by means of one or more insurance policies which are specifically allocated to the provision of benefits payable to or in respect to those members. Where the payment of the benefit under any life assurance policy is subject to the satisfaction of any underwriting criteria, this should be stated.
7. The name or title and address of the person to whom enquiries about the trust RAC generally or about an individual's entitlement to benefit should be sent.
8. Whether there is power to amend the trust RAC terms detailing who may amend the trust RAC and whether there are any significant conditions on the exercise of that power.