By law, when you take contributions from workers’ pay, you must pay them into your workplace pension by the 22nd day of the following month. We’re legally obliged to monitor your contribution payments and report to The Pensions Regulator (TPR) if your contributions are more than 90 days late (or there’s some other significant payment failure).
We’ll also have to tell your workers there are late payments and that we’ve reported you to TPR.
We will tell you if there’s a danger of your payments being late – for example, if we can’t collect a payment by Direct Debit because there’s not enough money in your workplace bank account. We’ll give you plenty of notice and work with you to find a solution.