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The SIF has been uploaded - what's next?
The SIF has been uploaded - what's next?
Updated over a week ago

Once your list of contributions have been successfully uploaded via the SIF you will be able to see a summary of your uploaded contributions on your portal by browsing to Menu > Contribution and Payroll > Contributions screen from the main menu.

On this screen you will see the total uploaded contribution amount due in the current pay period. You will also see a 'Pay Now' button on this screen.

When you are ready for payment collection of the uploaded contributions you have the option to press the 'Pay Now' button which will trigger the payment process for uploaded contributions as soon as you upload your contribution SIF. If you select Pay Now the payment process starts on the day after the button is pressed.

The Pay Now button will only be available as long as the following requirements are met:

  • You have an active direct debit mandate set up.

  • There is not already a payment run in progress

If there is already a payment run in progress and you upload further contributions, you will need to wait until the current pay run completes before the 'Pay Now' option becomes available again. If there is currently contributions being deducted you will see the message below:

If you decide not to use the Pay Now function the payment cycle will start after the 5th of the month.

You will receive a notification, via email, in advance telling you how much will be collected.

Once the direct debit process begins, either automatically or by using the ‘Pay Now’ function, the funds can take 5 working days to reach New Ireland.

Upon receipt, the contributions will then be allocated to employee accounts and invested. This can take another 5 working days.

Important:

  • Making an employer contribution is the responsibility of the employer only and this amount should not be deducted from the employee's salary.

  • Employee contributions should be deducted from their salary before the deduction of income tax

  • Section 58A of the Pensions Act 1990 (as amended) requires you, as employer, to make sure that contributions deducted from employee’s salaries are paid to us within 21 days of the end of the month in which contributions were deducted

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