OSPS Associated Participating Employers
Remittance of monthly contributions
Every month you should complete and return the Remittance advice of monthly contributions (REM1) form 
(60kb) giving a breakdown of employee, employer and AVCs (excluding Prudential). If you operate a salary exchange scheme you should remember to split the employee and employer contributions between those members who are participating in salary exchange and those who are not.
If you are making any special payments, such as an augmentation of benefits or a correction requested as part of the annual return, you should attach a covering note explaining the payment and giving the breakdown.
Please ensure that payment of contributions is made within the time limits given in the scheme rules:
- if you pay by cheque the cheque needs to be with us by the last day of the relevant calendar month;
- if you pay by electronic transfer the money needs to be in our account no later than the seventh calendar day after the end of the relevant month.
- if we do not receive payment by the seventh calender day after the end of the relevant month, we wll charge £20 plus interest.