Guidance regarding arrangements for pension scheme contributions
The UK Government’s Coronavirus Job Retention Scheme ended on 30 September 2021.
Employers’ automatic enrolment duties including paying contributions into your workplace pension arrangement continue to apply as normal.
Employers should provide full data and monthly contribution files using our online platforms which are accessible from your Employer Portal account.
Your auto enrolment duties
If you are employing staff for the first time or you are approaching your re-enrolment date please ensure that you comply with your duties.
Deficit contributions (Defined Benefit schemes only)
We understand that employers may continue to face operational and financial challenges, including whether they can continue to meet the agreed deficit contribution payments to their pension scheme.
The Trustee has an established process to consider affordability appeals (potential deficit contribution deferrals on the grounds of reduced affordability). Employers wishing to use this process will need to help us to understand the extent of the difficulties they are facing and allow us to agree what level of revised contributions are appropriate in the circumstances. To do this we will need some information.
We will provide full details of the information required to any employers wishing to revise or suspend contributions. However, the Pension Regulator’s guide to Trustees on dealing with employers in difficulty at this time provides a good guide.
Should you have any concerns regarding your ability to meet your deficit contribution payments over this period, please contact us at email@example.com.