End of year guide

Guidance for employers on what the fund needs and when from you at the end of the scheme year.

Balancing

Every month, you must pay employee and employer contributions to the fund. We also ask you to send the member contribution data via i-Connect. 

When you submit your i-Connect return, you must confirm that the amount you have paid to the fund and the amount you have declared on i-Connect are the same. Ensure you have reconciled these amounts before paying over contributions and submitting your return.

Occasionally, you may need to pay us an amount different from the contributions submitted on your i-Connect return. Examples of acceptable reasons for this could be:

  • you have adjusted the payment due to an incorrect contribution deduction
  • you incorrectly included a member on a previous return
  • our Investment Team have asked you to adjust your payment

You must explain the reason for the difference between the amount paid to the fund and the total amount of contributions noted on your i-Connect return. Use the 'reason for discrepancy' field.