The Retention Scheme is where a private number plate is taken off a vehicle and placed onto a certificate of entitlement. This then allows the owner to transfer the plate to another vehicle at a suitable time for them and allows them to sell or scrap the donor car or other vehicle it was on.
To keep the rights to a registration mark on a certificate (separate to a vehicle), you will need to fill out a V778/1 form, available to download and print out from the DVLA’s website.
The retention scheme enables the keeper of a vehicle to hold its registration on a certificate indefinitely.
To retain the registration mark, You will need to send your application form to the DVLA, along with the following documents:
- V317 form.
- A cheque for £80.
Your vehicle will be assigned with a non transferable age related registration mark.
When the retention is complete, you will receive the following:
- V5C Registration Document. Showing the change of registration mark.
Upon receiving this document, you may legally display your new number plates on your vehicle. Before doing this, please remember to inform your insurance company of the change to your policy. Your MOT (if applicable) and road tax will be updated electronically.