Blogs/Vlogs

End of Year Certificates for the Teachers’ Pension Scheme - what's happening?

7 August 2017

As you may be aware there have been delays with the issuing of End of Year Certificates (EOYC) for the Teachers’ Pension Scheme.

Teachers’ Pensions have made changes to the reporting process this year and these are shown in the guidance document TP05. These changes have implications for the work we carry out as auditors and also impact on our contractual arrangements.

These issues have been raised with Teachers’ Pensions by the Institute of Chartered Accountants in England and Wales (ICAEW) and are largely relating to our contractual arrangements to be included in Engagement letters. This is referred to specifically in the audit certificate issued and guidance from Teachers’ Pension has been withdrawn.

The recommendation currently is for us not to issue an audit certificate until the issues above have been resolved. However, it is possible that this will not happen prior to the submission deadline.

Teachers’ Pensions have been asked to extend the audit deadline to accommodate for the delays, however at this moment in time, no extension is proposed. We will keep you up to date if and when this changes.

Update 18 September 2017 - TPS recently announced that the deadline for the EOYC has been extended to 30 November 2017.

Current submission timetable

  • Report submission 31 May 2017 – Extended to 9 June 2017
  • Report passed to auditor 30 June 2017
  • Submission of audit certificate 30 September 2017

If you require assistance with the audit of your EOYC please contact your local UHY academies expert. To read more of our academy schools blogs, click here.

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