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What payment due date should I choose?

You can choose your payment due date after you’ve provided us with the information about your pay period also known as earnings period. This date tells us when we’ll receive money from you for your workers’ contributions. There are legal limits on payment due dates. Any contributions deducted from a worker’s pay must be paid to the pension scheme no later than the 22nd of the month that follows the end of the earnings period, unless you’re holding on to contributions during the worker’s opt-out period. You can choose to select a payment due date that’s earlier than this. By law you must pay contributions to us no later than the payment due date you select.

You can either set the payment due date to be a certain number of days after the end of the earnings period or you can choose a particular day.

If you’ve selected A number of days after the end of the current earnings period, the latest you can pay for your schedules is 22 calendar days after the earnings period ends. For example, if your earnings period ends on the 05th of April, choosing the highest number of days with this option would mean that your payment due date would be the 27th of April.

If you want to choose A particular day, the latest date you can select is the 22nd of the following month. For example, if your earnings period ends on the 05th of April, the latest date for payment with this option would be the 22nd of May.

When setting your payment due date, you’ll need to allow time as the completion of a contribution schedule and the processing of the payment will have to be done before the payment due date.

If you wish to change the payment due date for an existing group, you’ll need to create a new group and move the workers to the new group using a contribution schedule.

For more information on creating a new group please see How do I add a new group once I’ve set up with NEST? To change a worker’s group please see How do I change a member’s group by entering information for one member at a time into the website? or How do I change a member’s group using a CSV file?

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