UK: Automatic enrolment and pensions for payroll
The introduction of auto enrolment has significantly increased the primacy and complexity of administering pension contributions as part of the payroll function.
From providing a detailed explanation of the numerous types of pension schemes currently in operation, this course moves to cover the various tax treatments of employee contributions and the various points payroll staff must consider calculating contributions accurately.
From this, a detailed explanation of the rules and regulations concerning auto-enrolment is imparted as are the potential penalties for non-compliance with this new statutory requirement.
You will leave this course equipped with the knowledge and skills to administer this vital and much-changed arena.
Who is this course for?
Either completion of the Payroll Technician Certificate, introduction to payroll courses, or attainment of an equivalent working knowledge through experience in either a payroll or HR role.
What will you achieve?
This illuminating course explains the legal and payroll related implications of the planning and introduction of auto enrolment and re-enrolment for pensions, as well as highlighting why an arrangement may or may not be effective or successful.
You will understand your employer's responsibilities towards the various statutory bodies including HMRC, the Department for Work and Pensions and The Pensions Regulator. The focus is on the implications for employers and employees with particular emphasis on payroll processing and procedures.
Before joining the CIPP as a full-time trainer in September 2019, Fiona worked in payroll in different organisations for over 9 years including her role as Assistant Group Payroll Manager for Breedon Group Services, the UK’s largest independent construction materials firm. Fiona holds the CIPP Foundation Degree in Payroll Management and the CIPD Diploma in HR Management and uses the knowledge gained in both of these within her training role to ensure that CIPP members have the information, skills and knowledge they need to keep up to date with the ever-changing payroll obligations.
- Classify the types of pension schemes by sponsor, tax registration, and pension benefit categories.
- Identify pension schemes compliant with auto-enrolment requirements.
- Types of pension schemes
- Personal pension plans
- Occupation pension schemes
- Stakeholder pension schemes
- Auto enrolment qualifying schemes
- Automatic enrolment
- Implementation and staging
- Affected workers
- Postponing the auto enrolment
- The automatic enrolment processes
- Opting in and joining the scheme
- Contributing to the pension scheme
- Amount and Frequency of contributions
- Additional voluntary contributions
- Refunding contributions
- The implications on Tax
- Tax relief and charges on pension savings
- Taxation of pensions annuities
- Implications to Payroll
- National insurance contributions
- Effect of contributions on attachment orders
- Dealing with absences from work
- Automatic enrolment and TUPE
- Giving information
- Information for workers for what both enrolled and not enrolled
- Auto enrolment compliance
- Record keeping
- Enforcement options
- Penalties and reviews of compliance
What will be covered?
Summarising the variety of pension schemes:
State pension schemes:
Assessing qualifying earnings:
Level of contributions:
Obtaining tax relief on contributions:
Membership of occupational schemes:
This course highlights employer's challenges, responsibilities and obligations to all parties involved with pensions and auto enrolment, to enable compliance.