Teachers' Pension Scheme End Of Year Certificate
Published date | 16 May 2022 |
Subject Matter | Employment and HR, Consumer Protection, Retirement, Superannuation & Pensions, Employee Benefits & Compensation, Education |
Law Firm | Hillier Hopkins |
Author | Ms Elizabeth Wicks |
Academy trusts will shortly need to submit their unaudited annual End of Year Certificate (EOYC) to Teachers' Pensions.
Here's a reminder of your obligations and a helpful checklist.
Teachers' Pension (TP) have issued its guidance to Academy Trusts on how to complete the EOYC, which can be viewed here. It is a reminder that the unaudited EOYC must soon be submitted.
As in previous years, the EOYC must be uploaded through the portal by 31 May 2022. The deadline for the audited version of the EOYC to be submitted is 30 September 2022.
The EOYC is, at its most basic, a record showing if all contributions due by an Academy Trust have been correctly paid through its payroll. However, it is complex with various rules determining the pension rate payable as well as anomalies in whether the pay received should be pensionable at all. Added complications can arise with auto-enrolment where teachers choose to opt out of the Teachers' Pension Scheme.
Whilst the data initially submitted via the portal to Teachers' Pension Scheme is unaudited, the complexities of the scheme mean errors can creep in, and therefore it is important that Academy Trusts check that the EOYC data being submitted is correct.
EOYC timeline
- March: Guidance issued to Academy Trusts on EOYC
- End of April: TP issues schools with a statement of total amount of contributions
- April - May: Schools to create summary of all...
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