Course of the week: Pensions for Payroll and Automatic Enrolment

25 July 2016

Who is this course aimed at?

Anyone responsible for, or connected with, pensions within their organisation and anyone in the HR, finance or payroll environment that requires an understanding of pension schemes, the statutory requirements surrounding automatic enrolment and the benefits of considering salary sacrifice to reduce the employer costs of automatic enrolment.

What will I learn?

The course covers the key elements of pensions in payroll and will assist you in preparing your organisation for the challenges ahead. The role and duties of employers and the various statutory bodies including HMRC, Department for Work and Pensions and The Pensions Regulator are explained. The focus is on the implications for employers and employees with particular emphasis on payroll processing and procedures.

Course content

  • Pensions for payroll
    • How tax relief is obtained on different types of pension schemes (pre and post tax)
    • NI implications of contracting-out, including minimum payments and age-related rebates
    • Significance of ‘tax approval’ and its effect of tax relief
    • Earning and remuneration for pensions and the earnings cap
    • Review of all certificates needed for contracting out and tax approval
    • The significance of the upper accrual point and its effect on the NI calculation
    • Pensions – domestic and expats
    • Employer’s contributions to the pension scheme
    • AVC (additional voluntary contributions)
    • PC (pension cap in tax year), DC (defined contribution),DB (defined benefit)
    • ECON (employers contracting out number), SCON (scheme contracting out number)
  • Overview of automatic enrolment
    • Assessing the workforce for automatic enrolment
    • The different categories of ‘worker’
    • Employer duties
    • Automatic enrolment schemes
    • Qualifying schemes
  • Recurring obligation of re-enrolment
    • Date of anniversary
    • Flexibility and variation
    • Notification to various parties
  • Assessing workers and earnings pay reference periods
    • Determining the pay reference period
    • Earnings period or tax period
    • Effects on assessment and contributions processes
  • Postponement
    • Employer’s duties
    • Processing worker status
    • Eligibility
    • Exceptions
    • Exclusions
  • Opt-outs
    • Refunds of contributions
    • Processes
    • Communications
    • The requirements: when, what and how

Course aims

Upon completion of this course, delegates should:

  • Have a strong understanding of various types of pension schemes and their administration
  • Understand what needs to be done and by when, to comply with the new pensions regulations for automatic enrolment
  • Understand their responsibilities and obligations in respect of re-enrolment

To book your please click here or email [email protected] or call us on 0121 712 1063.

Closing date for bookings is one week prior to the course date