Payment by Instalments Policy

This policy has been prepared in accordance with Regulation 69B of the Community Infrastructure Levy (Amendment) Regulations 2011.

The Council will allow payment of CIL by instalments according to the total amount¹ of the liability as follows:

Amount of CIL Liability	Number of Instalments	Payment Periods and Amounts
Any amount less than £100,000	No instalments	Total amount payable within 60 days of commencement of development.
Amounts from £100,000 to £250,000	Two instalments	£100,000 payable within 60 days of commencement of development. Balance payable e within 120 days of commencement of development.
Amounts from £250,000 to £500,000	Three instalments	£100,000 payable within 60 days of commencement of development. Balance payable in a further two instalments of equal amount within 120 and 180 days of commencement of development.
Any amount greater than £500,000	Four instalments	£250,000 payable within 60 days of commencement of development. Balance payable in a further three instalments of equal amount within 120, 180 and 240 days of commencement of development.

Date of Effect: This policy comes into effect on 1 January 2012.

1. Note: The total amount of CIL is the amount shown on the Liability Notice and may include components for London Borough
of Redbridge and the Mayor of London.