Pension registration is a requirement in the UK for most employers. The UK government has implemented automatic enrollment legislation, which means that employers must enroll eligible workers into a qualifying workplace pension scheme and contribute to their pension savings. Even though a pension is mandatory for employers to provide, employees can opt-out from making a pension contribution.
See also: Is a pension fund required in the UK?
In Global Payroll, customers are responsible for pension management, as it is not supported by Remote.
- Name of pension provider
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What is the auto-enrollment staging date?
- The staging date for auto-enrollment refers to the deadline by which UK businesses are required to launch their auto-enrollment pension schemes.
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What is the re-enrollment date?
- The re-enrollment date will then be the effective start date of membership of a pension scheme. Please note that the employer's first re-enrollment date is based on the employer's original staging date, and not on when an individual member of staff was put into a pension scheme.
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Scheme Type
- There are two types of workplace pension schemes: 1. Defined benefit and 2. Defined contribution schemes. You can check with your pension provider to find out which type of workplace pension scheme.
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Is basic rate tax relief to be recovered on the employee contribution?
- Employees on basic rate tax get 20% tax relief, and a pension provider obtains the standard 20% tax relief from the government before allocating it to your pension.
- Visit the government website to read more.
- What is the default employee contribution?
- What is the default employer contribution?
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If you are using Nest Pensions, what is the Employer Reference (starts with EMP) and payment source?
- The Nest pension is a master trust utilized by many employers. It is a defined contribution scheme where both you and your employer contribute to a collective fund. This fund is then invested to increase its value over time.
- What is the AE (Automatic enrollment) scheme reference number?
- What is the name of the feed description (format of output pension file)
- Scheme Name (if applicable)
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How should the contribution be treated for tax & NIC purposes?
- The options are:
Salary Sacrifice - Pension deducted before Tax & NIC,
Net Pay Arrangement - Pension deducted before Tax & after NIC,
Pension Relief at Source - Pension deducted after Tax & NIC
- The options are:
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Are new employees deferred? If so, how long is the deferral?
- You can provide employees with an option to defer their pension contributions from the first month and start at a later date. Typically, this deferral period should not exceed three months. After the deferral period, the payroll software will automatically enroll the employee. Note: The deferral period is the default setting for the company however the employee can still opt to contribute from the first month.
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Is Statutory Sick Pay (SSP) pensionable?
- Employees can get £109.40 per week in Statutory Sick Pay (SSP) if they are too ill to work. It's paid by their employer for up to 28 weeks.
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Are the following statutory payments pensionable?
- Statutory Maternity Pay (SMP),
- Statutory Adoption Pay (SAP),
- Ordinary Statutory Paternity Pay (OSPP),
- Additional Statutory Paternity Pay (ASPP) - - Financial support is provided to eligible employees who take time off work to care for a new baby or a newly adopted child.
- Shared Parental Pay and Leave (ShPP)
- Is holiday pensionable?
- What pay elements are pensionable?
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Do pension contributions start from £1 or from the LEL?
- The Lower Earnings Limit (LEL) is an annually revised amount that represents the minimum level of earnings an employee needs to qualify for benefits, such as the state pension.
- What % of NI savings do you contribute towards your pension? (if applicable)
- Any other comments or instructions?
- Please provide a calculation example for each applicable scheme
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