This article is currently a work in progress.
This article is designed to give an overview of how the Pensions module works for the UK Payroll module of Moneypenny. If you haven’t dealt with pensions before, consider this a checklist of what you need to do to ensure pensions are functioning correctly.
Finding your staging date
If you have your PAYE reference, the Pensions Regulator has a tool to check what your staging date is available below
Choosing a pension provider
There are many different pension providers to choose from, if you wish to look at a list please check out the section on the Pensions Regulator below:
Find out what providers Moneypenny currently supports below. If you would like to use a different provider, please contact support so that we can get them added to the system.
Peoples Pensions NOWPensions SmartPensions
Setup a pension scheme
In the system, go to ‘Setup > Pension Funds Setup’
Setup communication emails
Go to ‘Setup > Email Setup’
Go to the ‘Templates’ tab.
Select the email template you wish to modify. For pensions these are:
– Postponement Advice
– Enrolment Advice
– Opt In Advice
– Opt Out Advice
Applying the scheme to individuals
Once a pension scheme has been applied to an individual, they will be assessed on the next wage transaction
If a Postponement period has been setup
Once an individual has been assessed as Eligble
Managing Opt Ins, Opt Outs
Exporting to Pensions Provider
Reports > Export Pensions