...
Use this page to modify employee pension information.
Contents:
Updating Key Employee Pension Details
Adding an Employee Pension61014063
Usage
This page allows employee pensions to be entered on schemes that have been set up on the Company Pension Schemes page. It also allows the updating of key pension related information to comply with Auto Enrolment legislation.
...
- Postponement End Date: Enrolment can be postponed for up to 3 months based on rules set out in legislation. If this is to apply the end date of the postponement period should be entered here.
- Opted out Date: Within a limited time period after enrolment the employee can opt out of the scheme and have their contributions refunded. The date should be entered here*
- Terminate Terminated Date: Even after the opt out period the employee can resign from the scheme at any time. Entering this date will automatically end any AE records (As long as the Terminate Date is no more than 3 months prior to the Pay Date)
- Opt in Date: Any worker (aged 16 or more and less than 75) under the new legislation can ask their employer to be made an active member of a pension scheme The date a joining notice is received is entered here.
- Exclude from AE - excludes the employee from pension reports unless a flag on the report indicates otherwise.
...