When are pension contributions due?

To comply with the Cayman Islands Pensions Act, follow these guidelines for submitting pension contributions to Saxon Pensions:

  1. Monthly Submission Deadline:

    • Submit contributions to Saxon Pensions within 15 days after the end of each month.
  2. 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.
  3. 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.
  4. 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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