Finance update

Arrears of Contributions

• Notification of arrears– if you identify arrears for a member, please complete and submit the Declaration of Arrears of Contributions Liability form (DOCX, 18 KB)  only. We’re currently receiving information in various ways which results in us having to ask you for clarification of data. We’d also like to remind you the contributions paid columns should only be completed with the actual contributions deducted (if any) and not what is due
• Prior year arrears– If your member has arrears in a prior year and you’re still submitting service and salary details via MDC, together with the monthly breakdown form, you should notify our team separately using the Declaration of Arrears of Contributions Liability form (DOCX, 18 KB). Any prior year arrears should not be included with the normal monthly submission.

Once you’ve completed the Declaration of Arrears of Contributions Liability form you can send it to us via post, or email. We’ll then issue an invoice with the arrears/interest to you.

Contributions and EOYC

• We’d like to remind you that when making your monthly contributions payment, you should also submit the relevant file submission, whether this is the Monthly Breakdown form if you submit service and salary via MDC, or your MCR file if you’ve on-boarded to MCR. This is so the receipts can be correctly allocated. Please forward any queries to tpconts@teacherspensions.co.uk.
• All employers are required to submit an audited EOYC. The deadlines have now passed and if you have not already done so, you should arrange to submit yours as soon as possible. Please forward any queries to tpaudit@teacherspensions.co.uk.