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Finance - Income And Expenditure Team
Pension Scheme Income And Expenditure Team | Direct Running Costs Team |
This team administer the collection of pension income for the Scottish Teachers and NHS in Scotland Superannuation Schemes and support the pension payroll section. They budget and account for all scheme income and expenditure. Duties include;
Pension scheme income collection:
- Pension contribution collections from NHS and Teachers employers
- Other income collection (Transfer Values in etc)
- Cashier function
Payroll SUPPORT:
- Overpayment recovery in respect of NHS and STSS pension overpayments
- Manual pension payments via the Scottish Government Accounting System (pension payments, transfers, contribution returns)
- Paying tax from pension payments to HMRC
Programme accounting and monitoring:
- Production of scheme statements (NHS and Teachers)
- Pension scheme budgeting, monitoring and reporting to HM Treasury and the Scottish Government on Budget Bills and Budget Revisions
- Accounting for payroll expenditure
- Accounting for scheme income
Payment of pension contributions
Pension scheme contributions must be paid over to the Agency within a regulated time period.
NHS:
Payment is due 19 days after the end of the month in which the contributions have been deducted from salaries i.e. by the 19th of the month.
STSS:
Payment is due 7 days after the end of the month in which the contributions were deducted from salaries i.e. by the 7th of the month.
Payment of these contributions can be made at the bank using a bank giro credit book, provided by the Agency, or by electronic methods such as BACS. Larger employers who have an OPG account can transfer payment using an RFT form. Only in special circumstances will payment by cheque be accepted.
Before payment is made a Bank(T) form(pdf 45Kb) or OPG(T) form(pdf 61Kb) should be forwarded to the Agency in the following ways:
- E-mail: sppa-nhs-gp@scotland.gsi.gov.uk (this is the preferred method)
- FAX: 01896-893-260
Employers who do not make payment within the required time frame can either be charged interest on their payment (STSS only) or reported to the Pensions Regulator (tPR) who have powers to fine and/or take employers to court.
| This table lists the varying contribution rates and the dates of change: | |||
|---|---|---|---|
Scheme |
Accounting Year |
Employee |
Employer |
STSS |
2002/2003 |
6% |
7.15% |
STSS |
2003/2004 |
6% |
7.4% (1 April 2003 to 30 September 2003) |
STSS |
2003/2004 |
6% |
12.5% (from 1 October 2003 to 31 March 2004) |
STSS |
2004/2007 |
6% |
12.5% |
STSS |
2007 to March 2009 |
6.4% |
13.5% |
| STSS | April 2009 cont | 6.4% | 14.9% |
|
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NHS |
2002/2003 |
6% |
5.5% |
NHS |
2003/2004 |
6% |
5.5% |
NHS |
2004 to March 2008 |
6% |
14% |
| NHS | April 2008 to March 2009 | Variable* | 14% |
| NHS | April 2009 | Variable* | 13.5% |
* See circular for guidance on variable contribution rates
Scheme accounts
The team also produces and arranges for the publishing of accounts for the Scottish Teachers and NHS in Scotland Superannuation Schemes. The Scheme accounts are available on this web site.