To comply with the Cayman Islands Pensions Act, follow these guidelines for submitting pension contributions to Saxon Pensions:
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Monthly Submission Deadline:
- Submit contributions to Saxon Pensions within 15 days after the end of each month.
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Notification of Challenges:
- If you face any issues that might prevent you from meeting this deadline, notify Saxon Pensions as soon as possible, ideally before the due date.
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Reporting No Pensionable Employees:
- If your organization does not have any pensionable employees for a given month, inform Saxon Pensions by the 15th day of that month.
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Consequences of Missing Deadlines:
- Failing to adhere to these deadlines may result in penalties as specified by the National Pensions Act.
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