Navigation: Pay menu --> Pensions screen
The Employee Pension screen has been changed to show the following key auto enrolment details. This data is used to report the employee’s pension status.
- Staging Date - The date is set on the Company screen and is the date the company is obligated to comply with auto enrolment regulations. Read-only.
- Date of Birth - As set on the employee details screen. This is important in establishing a workers status with regard to the regulations. Read-only.
- 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. The auto enrolment assessment date for the worker will be the day after this date
- 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. This will automatically end any current pension scheme for the employee and refund any deductions taken within the past month.
- Terminate Date - Even after the opt-out period the employee can resign from the scheme at any time. This field will be used in future in order to determine when the worker requires re-assessment and re-enrolment into a scheme
- Notice 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 (even during a postponement period). The date a joining notice is received is entered here.
Figure 4.1
Also added to this screen are the changes below
- Override Contributions – This field is only enabled or relevant where the employee has been entered onto a ‘Basic Scheme’ as described in section 1. As stated the deductions for this scheme will be between the Lower and Upper earnings thresholds and at the rates set out in legislation. However it is foreseen that there will be times where although deductions are to be made between these thresholds, they may be made at a higher rate.
In the normal scenario where an employee is entered onto a Basic Scheme and no overrides are entered the user will not be able to add any contributions to the record as these will be calculated automatically based on the legislation,
Figure 4.2