Finance update

Audited End of Year Certificate (EOYC)

Thank you to those who’ve submitted their audited End of Year Certificate. To date, there have been over 85% returned.

For those yet to submit, please arrange to do so as soon as possible, as we’ve passed the deadlines for all sectors.

We’ll be collating information and contacting those of you in the New Year who’ve yet to provide an audited return. Audited EOYCs should either be emailed to us (This link opens in a new window) or posted, please don’t try to upload these via the Employer Portal. If you're a Payroll Provider, please liaise with your clients about their EOYC to ensure you have supplied all required information.

Maternity Pay

We continue to see a number of ratio queries for employer contributions where the reason given is maternity. It’s important to note employer contributions are due only to the actual maternity salary paid and not the salary the member would’ve received in their normal (non-maternity) role.

The contribution template should be completed in the relevant tier using the reduced salary, and then employer/member contributions due on that salary.

Added Pension /Early Buyout

We’ve noticed some of you are including contributions deducted in respect of elections within the tiered totals. All additional contributions should be noted in the relevant field on the monthly breakdown form.

For those employers using the on-line template, the contribution check for that tier will return a ‘no’ for that reason.

Payment of Arrears Invoices

We’d like to remind you that all remittances for arrears invoices should be forwarded to the bank account details as follows:

Sort code: 60-00-01

Account: 36150398

It shouldn’t be included in your monthly contribution submission.

 

Last Updated: 08/01/2025 14:55