Automatic Enrolment and Pensions for Payroll - Update course

Summarising the variety of pension schemes.

• Classify the types of pension scheme by sponsor, tax registration and pension benefit categories.

• Identify pension schemes compliant with automatic enrolment requirements.

Types of pension schemes

• State pension schemes

• Personal pension plans

• Occupation pension schemes

• Stakeholder pension schemes

Automatic enrolment qualifying schemes

• Automatic enrolment

• Key facts

• Implementation and staging

• Affected workers

• Postponing the automatic enrolment

• Re-enrolment

The automatic enrolment processes

• Assessing qualifying earnings

• Opting in and joining the scheme

Contributing to the pension scheme

• Level of contributions

• Amount and frequency of contributions

• Additional voluntary contributions

• Refunding contributions

The implications on Tax

• Obtaining tax relief on contributions

• 0020Tax relief and charges on pension savings

• Taxation of pensions annuities

Implications to Payroll

• Membership of occupational schemes

• National insurance contributions

• Effect of contributions on attachment orders

• Dealing with absences from work

Automatic enrolment and TUPE

Communicating pensions

• Giving information

• Information for workers for what both enrolled and not enrolled

Automatic enrolment compliance

• Record keeping

• Enforcement options

Penalties and reviews of compliance