OSPS APEs: Annual Returns
The OSPS scheme year ends on 31 March. At around this time we will send you an annual return to fill in and return as soon as possible.
We will reconcile your annual return and contact you with any queries. In particular we will check that:
- The total of the contributions declared for each member is equal to the total of the contributions paid to OSPS on the monthly remittances;
- The contributions declared for each member correspond to the salary history given on the annual return;
- we have received starter forms for all new members;
- we have received leaving forms for all leavers.
Please also indicate any changes in hours on the annual return so that we can update the member’s record correctly.
If a member goes onto no pay for whatever reason and does not pay the contribution arrears then you should enter their salary as zero for this period.
If a member goes onto reduced pay for whatever reason, then you should not enter the reduced salary.This is because in these circumstances, full contributions based on the unreduced pay should be collected between you and the employee. However, it would be useful if you could note periods of maternity leave to help explain any ratio errors. Please see the temporary absence section for further details.