Workplace pensions Law has changed, employers now have a legal requirement to enrol eligible employees into a pension scheme. This legislation promises to be administrative minefield for businesses – The Pensions Module add-on for Sage 50 Payroll will enable you to seamlessly integrate Pensions and Payroll into one entity, ensuring that you make a smooth transition to Auto-Enrolment.
Dependent on the size of the company, staging dates for automatic enrolment began on 1st January 2014. You can find out your individual staging date here: Auto Enrolment staging dates.
Do you know what an eligible employee is?
An eligible employee is somebody who meets the following criteria:
– Is aged between 22 and state pension age
– Earns over the current Auto Enrolment Earnings Threshold
You can avoid the headache brought about by Auto-Enrolment with the addition of a simple Pensions module add-on
If you are already using the most recent edition of Sage 50 Payroll – Auto-Enrolment edition, then the add-on will eliminate the burden of day-to-day administration that will inevitably be involved with the transition to Auto-Enrolment.
The Pensions module will:
Automatically Assess your workforce – Assess your entire workforce against the Automatic-enrolment legislation at the click of a button and categorise employees into the correct pensions scheme.
Automatically Manage Pensions Data and Payments – Create your pensions data in the correct format to be sent to your pension provider.
Automatically Communicate with Your Employees – Create the correct, individually addressed, communication for your employees. Emails and letters prepared for you - The Pensions Module will simply notify you of when they need to be sent and keep a record of all communication.