Finance update

Contribution payments

• Payments by MATS – when submitting payments that should all be recorded under the ‘751’ number, please ensure there’s only be one payment and one corresponding breakdown submission.
• When processing a BACS payment and completing BACS field 10, please ensure you use the same reference so that the payment can be allocated to the correct employer account. 

Arrears

If you’ve informed us that a member’s opted out of the Scheme, we require documentary evidence from the effective date that the member advised they wished to opt out to process this change.