This is just a quick reminder that your October contributions are due to be paid by 7th November.

Please forward this news story to your payroll provider if they're responsible for making your payment to us and uploading the monthly contributions breakdown slip.

Remember to submit one payment and one breakdown slip for each employer’s contributions.

The finance team will be in contact if you don't meet the deadline of 7th November. If you're having any problems with this process please contact the team on 0345 3003756 (option 2) or email tpconts@teacherspensions.co.uk (This link opens in a new window).

As you are aware, from the 1 Semtember 2015 the employer contribution rate has increased to 16.48%. A new monthly breakdown template for contributions is now available on the Employer Portal.

Late Contributions

You should be aware that if contributions are paid after the due date interest is charged from the 8th of the month until they are paid. The rate of interest applied is CPI plus 3%.

Teachers’ Pensions are now required to report the non-submission of scheme payments and associated paper work to the Pensions Regulator who have the power to fine employers for non-compliance.

Employer Portal

Please upload your breakdown slip for October, via the Employer Portal before the deadline of 7th November.

If you don’'t have access to the Employer Portal please contact us and request log in details. Alternatively, please contact your Employer Relationship Manager (ERM).

Monthly Breakdown Slips

Receipt of your slip is crucial in order for us to reconcile your payment and support you with any issues arising.

By uploading your monthly breakdown slip via the Employer Portal it gives you the following guarantees:

• A secure system for submitting data
• Ensures that the data recorded on our systems is as you have submitted through the Employer Portal
• The form has built in validation routines as well as formulas which will total values where applicable.

The form was designed to help you and prevent errors such as transposition of figures.

When you have uploaded your form to the Employer Portal and this has been accepted there is no need to forward a paper copy.

If you have any issues with access to Employer Portal please email our finance team directly your converted breakdown slip file.