Pensions Line - June 2020

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June 2020

Auto-Enrolment

The auto-enrolment earnings bandings have been increased for 2020/21 and details regarding this can be found on the Department for Work and Pensions (DWP) Website.


LGPS employer webinars

Stay Alert, Control the Virus, Save Lives

During May 2020, the Local Government Association (LGA) delivered eight COVID-19 employer webinars across the UK. The webinars covered pension issues that have arisen due to the coronavirus pandemic. If you missed them, you can now view the webinar and the webinar slides on their website.

There is also a COVID-19 web page for employers based on questions and feedback from the webinars and is designed to help you understand pension issues that may arise during the pandemic.


Making Payments to the Devon Pension Fund

The Devon Fund Finance Team have asked that you include your employers number in the narrative when you make the payment of contributions. This will assist them with the reconciliation and ultimately make the process more efficient. Please refer to the Making Payments to the Devon Pension Fund guide on our website.


Ill-Health Retirements

Please can we ask you to ensure where the IRMP states on the Ill-Health Certificate that the member does not meet the severe ill-health test that the member is made aware that this could mean that they will be subject to an Annual Allowance tax charge due to the fact that their pension input in the tax year could exceed the £40000 HMRC limit. If this is the case, and you request an estimate, we will notify you if there could be a potential charge when we send you the estimate. Please pass this information to the member with the estimate. This is an employer led retirement and we will not be in contact with the member until the actual benefits are brought into payment.

Ill-health

Tier 3 Ill Health

Just to remind you that when you have a member in receipt of a tier 3 ill health pension, it is your responsibility to review their eligibility for the pension after 18 months. Although we send you a letter leading up to the review date, this should be considered as a reminder only so we recommend that you keep a log of action dates to ensure that you deal with the review in good time . For more information on the process, please see the Employers Guide to Ill Health on our website.

Provision of Data

It is important that you put processes in place to retain access to historical payroll information when you change payroll provider so that you can continue to fulfil your responsibilities as a Scheme employer


TUPE’s & New Academies

If you are outsourcing services and have a number of staff who will be subject to TUPE and moving to a new employer or your school is converting to an Academy or moving MAT, please do not submit any leaver forms as this will complicate the process – instead there is a staff data capture spreadsheet you can complete on our website.


Keep us updated

Please remember to keep us updated with any changes in staff responsible for completing our forms (authorised signatories). This can be done by completing our via our online form.

You can also use this form to notify us of your IDRP Stage 1 Appeals Officer and any delegated authorised contacts.


Payment of Pension Fund Contributions

Please remember to inform us and the relevant Finance team each time you have paid your pension scheme contributions, by filling in the Monthly Contributions Form. If we receive the returns right away with the payments and they are correct - it makes the process so much easier, so please ensure that you build this form into your procedures.

If you are a Somerset Pension Fund employer, please contact the Corporate Finance Team for a copy of the Monthly Contribution Return: Corporatefinancepens@somerset.gov.uk

If you are a Devon Pension Fund Employer, you will need to use the online EAS5 form. If you have not already registered, a login can be obtained from the Employer and Communications Team.


Contacts

Employer & Communications  Team


Quick links

Employer Services (ESS) Guide

Peninsula Pensions Employers' Pages

Peninsula Pensions  Employers' Guide

LGPS regulations and guidance

Fund Investments

LGPS National Website


Newsletters

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