Difference between revisions of "How do I change a pension scheme?"

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m (Les Ward moved page How do I Amend a Pension Scheme? to How do I change a pension scheme?: Lower case (except for Platinum menu options))
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== See also ==
 
== See also ==
 
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* [[How do I set up a pension scheme in Platinum Payroll?]]
* [[How do I setup a Pension Scheme in Platinum?]]
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* [[How do I prepare for automatic enrolment?]]
* [[How do I Prepare for Automatic Enrolment?]]
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* [[Links to pension providers]]
* [[Links to Pension Providers]]
 
  
 
{{KB_Tags|pension, scheme, payroll, parameters, auto enrolment, auto enrol, increase conts, increase contributions, amend scheme, amend pension, increase}}
 
{{KB_Tags|pension, scheme, payroll, parameters, auto enrolment, auto enrol, increase conts, increase contributions, amend scheme, amend pension, increase}}
 
{{How}}{{KB_PR}}{{ZN_Admin}}
 
{{How}}{{KB_PR}}{{ZN_Admin}}

Latest revision as of 06:29, 9 November 2019

Summary

This article explains how to amend a pension scheme e.g. to increase contributions or amend the name of a scheme.

More Information

If you intend to amend a pension scheme please check from when the change should be effective. Wait until you are in that payroll period before making any changes.

Auto Enrolment Schemes

Over the next couple of years HMRC intend to increase the percentage contributions to be applied to Auto Enrolment schemes. The Pensions Regulator article provides a useful guide to the proposed dates and percentages to be applied.

As and when further information becomes available the guidance here will be updated.

Any Other Schemes

  • Go to " Payroll Maintenance Options Payroll Settings Company Parameters Pension Schemes".
  • Find the scheme to amend.
  • Alter the "Description" and/or "%/Value" as necessary.
It is not advisable to amend the parameters on an active scheme i.e. the "TAX", "%" or "Lim" columns. These will alter the way contributions are calculated.
  • Press <Esc> or click [Exit]. The changes are applied immediately to all employees in the scheme in the current Payroll Period.

See also


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Keywords AND Misspellings
pension, scheme, payroll, parameters, auto enrolment, auto enrol, increase conts, increase contributions, amend scheme, amend pension, increase