From Peter Saxton
I've managed to submit pension contributions to Nest with the help of Brightpay. Not sure why I couldn't do it before because I thought I'd tried everything.
Brightpay told me that I then had to give permission to Nest to take the contributions by direct debit. My client had completed a direct debit form and sent it to Nest months ago. I make several payments to other suppliers monthly by direct debit and once it is set up I just let the supplier take the money every month without having to give permission each time. I have heard that monthly permission is needed on here previously. Why?
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No idea why & does seem a waste of time.
Make sure you or your client authorises sufficiently before payment date (might be 3 working days?) as if not NEST says they will be reported to the Pension Regulator!
Moneysoft do say this:-
( We are in the process of developing support for a further NEST Web service, 'Approve for payment', which sends NEST an employer's confirmation that the payment of a contribution schedule for an agreed amount will be made by the employer. Currently you are required to log onto the NEST website in order to action this).
Might be of no relevance at all, but when I submit our pension information via the Aegon website, (either pre or post AE), as well as uploading the schedule of employees and amounts I need to separately log in to a payment process to actually trigger the collection.
In my case it is my logon for both processes, but I can see an argument for division of duties perhaps?
I agree that the NEST procedure of a separate instruction to take payment is particularly daft. With L&G, they take the payment automatically on the 3rd working day after uploading the contributions. Even better, TPP offers you the choice of payment date when you upload the contributions. VAT is best of all - they take payment automatically on the 3rd working day after the 7th, regardless of when you submit the return.
However, PAYE is just as bad as NEST - we submit the FPS(s), EPS(s) and CIS300 returns to tell HMRC what is due, so why don't they take the balance automatically on the 22nd when we have set up a DD?
I agree its complete nonsense, its a DD but not a DD.
I just have a routine at the end of every month going through all my clients clicking through to pay all contributions schedules for that month