Auto Enrolment
Making Auto Enrolment Easy
Pegasus
Auto Enrolment
From 2012 to 2017 the workplace pension law changed, and businesses were assigned staging dates as to when they needed to comply with the new workplace pension laws.
Workplace pension auto enrolment is a government initiative designed to help people save for their retirement. It is now the duty of every UK employer to enrol their employees into a pension scheme and contribute towards it, unless the employee chooses to opt-out.
Auto Enrolment
Opera 3 Payroll caters for workplace auto enrolment as standard, integrating with many different pension providers including NEST, so you can send pension contributions and information electronically. Opera 3 Payroll is also HMRC RTI and PAYE compliant, to offer you a complete peace of mind.
Opera 3 Payroll fully integrates with other Opera 3 modules or can be purchased as a standalone solution.
Key Benefits
• Statutory Pensions Regulator auto enrolment settings allows the various earnings thresholds for auto enrolment to be specified.
• It is possible to define which Payment Profiles are to be included within the assessment of earnings for auto enrolment
• A global auto enrolment updates process allows employers to, for example, auto enrol multiple employees at the same time. The new process will also allow the employer to perform various other general auto enrolment related updates on a global basis such as postponing a group of employees from auto enrolment.
• Employers can maintain auto enrolment details at an individual employee level; this includes the ability to auto enrol at an individual employee level. In addition, auto enrolment options are available when a new employee is created (i.e. as an extension to the existing new starter process) to allow for immediate auto enrolment of a new starter
• The calculation process performs auto enrolment earnings assessments (for example: establishing whether the employee is an eligible jobholder, non-eligible jobholder or an entitled worker).
• Various auto enrolment reports show you information including the number of employees that have been auto enrolled to date and total pension scheme contributions
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