What you need to do
Make all contribution payments to Oxfordshire Pension Fund and ensure the payment is cleared by the 19th of the month following payroll.
For example, you must pay the contributions taken in August's pay cycle to the fund and have them cleared in the bank account by 19 September.
Contributions include:
- all main scheme and 50/50 employee contributions
- all employer contributions – remember you pay the full contribution when members elect for the 50/50 option
- additional contributions payable from you and the employee
- any monthly deficit payments
Do not include AVC contributions in your return to the Oxfordshire Pension Fund. Send these to the AVC provider.
Send all supporting paperwork for any payment to the Investment Team at pension.contributions@oxfordshire.gov.uk. The paperwork must show the value being banked.
If you pay any compensatory elements of pension, you will include details of these payments with this return. We will inform you of any changes to the compensation pension, usually in April.
Don’t risk a fine
We have the power to impose a fine on any employer who fails to pay contributions within the required 19 days.
If your payroll does not work on a monthly basis
If your payroll operates payroll periods other than a monthly payroll, contact the investment and employer teams. They will send you a revised monthly contribution return form when the employer rate is due to change.
Employer team: pension.employers@oxfordshire.gov.uk
Pension fund investments team: pension.contributions@oxfordshire.gov.uk
