This support article provides a step-by-step guide on how to add and update pension schemes.
Adding Pension Scheme
To add a pension scheme, you need to click on the "+ Add New Pension Scheme" button. This will open up the screen below
Basic Pension Details
Pension Provider: Select a provider from the available list.
Scheme Name: Enter a descriptive name for the scheme. This is useful if multiple schemes are in place.
Set as Default for New Starters: If enabled, this scheme will be automatically assigned to new employees.
Pension Group Name: Enter a relevant group name. If only one scheme exists, use the client name.
Staging Date: Provide the scheme's start date.
Pension Scheme Reference: Input the reference number assigned by the pension provider.
Contribution Basis: Choose between Qualified Earnings or Pensionable Pay.
Tax Relief Type: Select the appropriate method (Net Pay Arrangement or Relief at Source).
Employee’s Contributions: Set the default contribution percentage for employees. This can be adjusted at the worker level.
Employer’s Contributions: Set the default contribution percentage for employers. This can be adjusted at the worker level.
Earnings Limit (Max Salary for Contributions): Specify the salary cap for pension contributions based on scheme rules.
TPR Letter Code: Enter the 10-digit reference number from The Pensions Regulator.
Postponement & Re-enrolment Settings
New Employee’s Postponement: Choose a postponement period (1, 2, or 3 months) for new starters.
Threshold Change Postponement: This applies to employees who qualify due to a salary increase or reaching the eligibility age. Options: 1, 2, or 3 months.
Re-Enrolment Date: Enter the date for employees to be re-enrolled post-postponement.
Exclude Opt-Outs in Last 12 Months from Re-Enrolment: Enable this option to exclude workers who opted out within the past year from being re-enrolled.
Default Pensionable Pay Items
If certain pay items should be excluded from pension calculations, disable the default pensionable pay items and select only those relevant to the scheme. The selected pay items will be applied only for that particular pension group.
Pension Scheme List
You can add multiple pension schemes, and it will be displayed in the list. You can update the pension scheme by clicking the "Edit" icon on the respective row.
If you prefer to complete it later, click Next to proceed without saving.
Updating Pension Scheme
To update or create your pension scheme after the initial setup, follow these steps:
Navigate to the Dashboard by clicking on the logo.
In the Manage Clients list, find the client you want to update and click the Edit icon in the corresponding row.
On the client details page, locate the Pension section.
In the Pension section, you will have two options based on the initial setup
Add: If no pension schemes were configured during the initial setup, you will see the "+ Add" option. Follow the steps outlined in the Add Pension Scheme section.
More: If pension schemes were previously added, the "More" option will be available. Clicking this will allow you to edit existing pension schemes.
Click the Edit icon next to the scheme you wish to modify.
The Pension Provider field is locked; all other fields can be updated.
Click Save to apply changes.
To create an additional pension scheme, click + Add New Pension Scheme.
If you want to discard changes and reload existing data, click Reset.
To exit without making changes, click the Close icon at the top right of the slider.
Related Articles
Need Further Assistance?
Let us know if you have any questions or need further guidance—our support team is just a message away! 😊