For some scheme years, YTD pensionable figures from your payroll system will be the same as the pensionable earnings figure required on the Remedy data sheet. However, if the employee has received any pensionable pay that relates to a different scheme year, e.g. a back dated pay award, or late notification of a promotion, then you will need to remove the pensionable pay arrears from the YTD figure and allocate the same amount to the scheme year it was earned (due in). For this scenario, you couldn't use the YTD pensionable figure for either of the scheme years impacted by the pay award.

Published:
16 February 2022
Last updated:
16 February 2022