Introduction to Pensions for Payroll

Introduction to Pensions for Payroll

The range and complexity of pension schemes inevitably causes misunderstandings and errors. This comprehensive practical workshop examines the types of scheme, their differences and how employee contributions are controlled.

The role and duties of employers and the various statutory bodies including PCB, OPAS, IRSPSS, DWP and FSA are explained.

The focus is on the implications for employers and employees with particular emphasis on payroll processing and procedures. Included are employment and membership starter and leavers, changes and the actual payroll outputs.

Who Should Attend?

Any payroll staff who are new to pensions, or HR and Finance staff who require a fundamental understanding of pension schemes and the implications for employers, employees and the payroll function.

Course Content

· The Legal Framework

· Types of Schemes

· Statutory Provision

· Occupational Pension Schemes

· Pension Contributions

· Payroll Implications

· HMRC

Course Aims

On completion delegates should be able to:

· Identify the different schemes

· Explain the difference between State pension and occupational pension

· Know the payroll implications