Employers

End of year process - Camden, Merton, Richmond, Waltham Forest and Wandsworth

End of year instructions and guidance 

We would like to remind all our employers of the importance of returning prompt and accurate data to the Pensions Shared Service. In order that your administering authority can complete its accounts and meet statutory deadlines it is vital that records are accurate, that annual benefit statements are dispatched by 31 August, and that benefits are paid correctly.

The accompanying instructions below outline key instructions relating to payroll processes and employer information. Of particular importance are the instructions for the current year end. We have also uploaded a blank end of year template and guidance notes. This must be brought to the attention of the responsible officers/payroll providers for your organisation in order that your payroll and other systems can generate the data in the correct format. A pre-populated template will also be issued to each employer. Please ensure you use the instructions that relate to the fund you participtate in.

Using the correct template

The funds have different approaches and it is for this reason that there are two data templates. It is vital that you use the correct template for the correct fund. This is particularly true for payroll providers who provide services across the funds.

Contact

If you have any queries regarding the information in the newsletter, guidance notes or data template, contact the Pensions Shared Service on 020 8871 8036 (follow the options for the employers team), or email PSSEmployers@richmondandwandsworth.gov.uk.