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Automatic Enrolment functionality has been elegantly integrated into Qtac. Setting up your pension scheme, enrolling employees, issuing communication, making contributions and viewing reports – it's all seamless and simple.
Employees need to be automatically enrolled if they:
Are aged between 22 and State Pension Age
Earn more than ?10,000 a year (2014/15 limit)
Work in the UK
If a company does not have a qualifying pension scheme then it must introduce one. If the employer doesn’t currently make a contribution to the pension, they will have to by law when they ‘automatically enrol’ entitled workers.
Your clients are responsible for ensuring they have a compliant pension scheme in place and that the correct employees and employers contributions are paid into the scheme.
What’s the reason for auto enrolment? The average life span has increased and people are living a lot longer. These changes to pensions are because the current state pension will just not be sufficient when retiring and therefore trying to encourage people to save for retirement.
Jobholders
Eligible jobholder
The employer must
automatically enrol and make contributions
if using postponement, provide a notification to the eligible jobholder
process any opt-out notice
automatically re-enrol approximately every three years
keep records of the automatic enrolment process
Non-eligible jobholder
The employer must
arrange pension scheme membership if the non-eligible jobholder decides to opt-in, and also make contributions
provide information about the right to opt-in, unless using postponement
if using postponement, the employer must provide a notification to the non-eligible jobholder & keep records of the enrolment process ??
Entitled worker
The employer must:???
arrange pension scheme membership if the entitled worker decides to join
provide information about the right to join, unless using postponement
if using postponement, provide a notification to the entitled worker
keep records of the joining process
A clients choice of automatic enrolment pension scheme could have an impact on the payroll processing time and costs involved.
Some of your clients may have an existing scheme, in this scenario they should ascertain with their pension provider whether it meets automatic enrolment requirements and is therefore classed as a qualifying scheme.
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Introduction to Auto Enrolment Qtac Payroll Software
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An Introduction to Auto Enrolment by Qtac
Be confident with:
Work Place Pensions
Auto Enrolment
The Pensions Regulator
Pension Providers
Auto Enrolment Functionality in QTAC Payroll
Planning for Success
What is Auto Enrolment?
‘Workplace Pension Reform’ is the term used to describe the changes to pensions in the UK, where employees are automatically enrolled into an ‘Automatic Enrolment’ pension scheme, as long as they ‘qualify’.
A workplace pension, which is arranged by the employer, is a way for employees to save for retirement. Some workplace pensions are also called ‘occupational’, ‘works’, ‘company’ or ‘work-based’ pensions.
If a company already has a pension scheme they will need to check that it ‘qualifies’ if their plan is to use that scheme as their ‘Workplace Pension’.
Companies who do not currently have a pension scheme setup will need to set up an ‘Auto Enrolment’ scheme. The pension scheme must ‘qualify’ - meaning the employee and employer contributions match or exceed the minimum contributions (detailed later in this document) and also that no restrictions are placed on membership.
Every company will be required to offer employees the chance to join a pension scheme, which both the ‘employee’ and ‘employer’ will contribute in to. The employer has to contribute at least the minimum contribution into the scheme in order for the scheme to qualify.
In most cases the government also add money into the pension scheme in the form of tax relief.
Employees need to be automatically enrolled if they:
Are aged between 22 and State Pension Age
Earn more than ?10000 a year (2014/15 limit)
Work in the UK
If a company does not have a qualifying pension scheme then it must introduce one. If the employer doesn’t currently make a contribution to the pension, they will have to by law when they ‘automatically enrol’ entitled workers.
Employers are responsible for ensuring they have a compliant pension scheme in place and that the correct employees and employers contributions are paid into the scheme.
One Year in into the Pension Reform
More than 750,000 members
Over 2,350 employers
Opt outs around 8 per cent
Staging Dates
Each company will have their own staging date, your auto enrolment staging date is determined by the size of your PAYE scheme on the 1st April 2012. Staging dates will be staggered, with larger employers starting sooner and small employers starting later.
How do I find it out? Visit The Pensions Regulators website
Use the Staging Date Calculator
www.thepensionsregulator.gov.uk/
A company can choose to move it’s staging date to an earlier date but it cannot be moved to a later one.
A pension scheme can be setup for employees at any time. You do not have to wait until auto enrolment is introduced.
We recommend that you give yourself plenty of time to prepare for auto enrolment.Welcome Powerpoint
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The document discusses the three main types of weathering that cause rocks to break into small pieces. Mechanical weathering is caused by temperature changes that make rocks expand and contract, breaking them into layers. Chemical weathering results from chemical reactions between minerals in rocks and rainwater that cause disintegration. Biological weathering is the disintegration of rocks by tree roots and small creatures making homes in cracks.
Matter B Ed
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This lesson plan aims to teach students about India's election process and the role of political parties. Students will compare different types of political parties, learn about the Election Commission's functions, and how elections are conducted. Activities include discussing electoral symbols, the voter ID card process, adult franchise rights, and the duties of the Election Commission. The lesson concludes by having students collect pictures of election symbols and political parties to create a classroom chart.More Related Content
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?
This document provides information about calculating the perimeter of a circle. It defines key terms like circle, radius, diameter, and pi. It explains that the perimeter of a circle is calculated by multiplying 2π by the radius (perimeter = 2πr). An example problem calculates the perimeter of a circle with a diameter of 4cm as being 4πcm. It concludes by asking review questions about perimeter, the perimeter formula, and calculating perimeter given a radius.Internet protocols
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?
This document discusses Internet Protocol (IP) and provides information on the following:
- IP is a set of standards that defines how devices connect and exchange information over a network or the internet. It specifies packet formats and addressing schemes.
- IP allows devices to address "packets" of data and send them into the network to be delivered, but does not ensure their delivery.
- IP versions have evolved from IPv4, the current standard using 32-bit addresses, to IPv6 which supports 128-bit addresses to address the address space limitations of IPv4.
- IPv4 addresses are organized into classes A, B, C for different network sizes, with ranges defining network vs host portions of the address. IPvINNOVATIVE LESSON PLAN
INNOVATIVE LESSON PLANSumesh SV
?
This lesson plan aims to teach students about different types of mountains and their influence on humans. It outlines 6 activities where the teacher will use slides and group work to define mountains, compare fold, block, relict and volcanic mountains, discuss features of the Himalayas, and explore how mountains impact climate, resources, and hydroelectric power. Key concepts are that mountains form through folding of tectonic plates, uplifting, weathering, and volcanism. Examples provided include the Himalayas, Alps, Andes, and Rockies as fold mountains. The lesson concludes with a review of the content and an activity where students create a mountain picture chart.Health Information Technology Foundations
Health Information Technology FoundationsKofi Ahima Agyeman Badu
?
The document discusses different learning strategies for online education. It states that businesses are increasingly using online training to reduce costs and improve accessibility. It also discusses that online learning offers flexibility since employees can receive training as needed. It emphasizes the importance of planning when starting an online course rather than just jumping into the work. Experts spend more time planning their approach compared to novices. Part of planning includes assessing tasks, evaluating strengths and weaknesses, planning an approach, applying strategies, and reflecting on performance.Natural healing well spa 2013
Natural healing well spa 2013wellspaus
?
The document describes the services provided by WellSPA Medical Spa, a natural healing spa. It offers various massage therapies, chiropractic care, herbal medicine, esthetician services, and membership packages. The spa aims to help clients relax, reduce stress and pain, and live a healthier lifestyle using natural healing methods including Chinese and other international massage styles as well as herbal medicine.Busn 210 slideshare
Busn 210 slideshareHysan Lee
?
This document discusses the author's background and experiences, including graduating from Xiamen University in 2011 with a marketing degree, volunteering in 2011 in Xiamen where they engaged in riding activities, enjoying coffee daily, and winning a gold award for basketball in 2012 with their teammates.Diapocitiva 1Rocio Cristina Tixe Carhuaricra
?
Este documento trata sobre las infecciones, incluyendo los objetivos, tipos, características, tratamiento, recomendaciones, pronóstico y prevención. Describe que las infecciones pueden ser causadas por bacterias, virus, hongos y que los tipos incluyen hepatitis, VIH, E. coli y candida albicans. El tratamiento puede incluir antibióticos orales o inyectables, y el pronóstico es generalmente de siete a diez días. La prevención implica una buena alimentación, exámenes médicos regularesIntroduction
IntroductionSumesh SV
?
The document discusses mathematics curriculum and approaches suggested by the National Curriculum Framework (NCF) and Kerala Curriculum Framework (KCF). It notes that NCF aims for students to enjoy mathematics, see relationships, and understand its basic structures. KCF emphasizes relating mathematics to daily life and higher studies. The conclusion states the higher secondary curriculum should provide an appreciation of mathematics' applications while balancing depth versus breadth.Busn 210 slideshare - miko
Busn 210 slideshare - mikoHysan Lee
?
I graduated from Sun Yat-sen University in 2010 with a major in accounting. In March 2011, I won a trophy for favorite accountant. In 2011, I volunteered in China to help grow trees.Deber10Elizabeth Barzallo
?
El documento repite la frase "ORDENA LA SECUENCIA SERIACI?N U ORDENAMIENTO" cinco veces, indicando que se debe ordenar o clasificar una serie de elementos.Auto Enrolment for Accountants & Payroll Bureaux Webinar
Auto Enrolment for Accountants & Payroll Bureaux WebinarQtac Payroll Software
?
Automatic Enrolment functionality has been elegantly integrated into Qtac. Setting up your pension scheme, enrolling employees, issuing communication, making contributions and viewing reports – it's all seamless and simple.
Employees need to be automatically enrolled if they:
Are aged between 22 and State Pension Age
Earn more than ?10,000 a year (2014/15 limit)
Work in the UK
If a company does not have a qualifying pension scheme then it must introduce one. If the employer doesn’t currently make a contribution to the pension, they will have to by law when they ‘automatically enrol’ entitled workers.
Your clients are responsible for ensuring they have a compliant pension scheme in place and that the correct employees and employers contributions are paid into the scheme.
What’s the reason for auto enrolment? The average life span has increased and people are living a lot longer. These changes to pensions are because the current state pension will just not be sufficient when retiring and therefore trying to encourage people to save for retirement.
Jobholders
Eligible jobholder
The employer must
automatically enrol and make contributions
if using postponement, provide a notification to the eligible jobholder
process any opt-out notice
automatically re-enrol approximately every three years
keep records of the automatic enrolment process
Non-eligible jobholder
The employer must
arrange pension scheme membership if the non-eligible jobholder decides to opt-in, and also make contributions
provide information about the right to opt-in, unless using postponement
if using postponement, the employer must provide a notification to the non-eligible jobholder & keep records of the enrolment process ??
Entitled worker
The employer must:???
arrange pension scheme membership if the entitled worker decides to join
provide information about the right to join, unless using postponement
if using postponement, provide a notification to the entitled worker
keep records of the joining process
A clients choice of automatic enrolment pension scheme could have an impact on the payroll processing time and costs involved.
Some of your clients may have an existing scheme, in this scenario they should ascertain with their pension provider whether it meets automatic enrolment requirements and is therefore classed as a qualifying scheme.
Elinor presentation
Elinor presentationElinorG
?
Elinor is currently studying for a Diploma of Management and works as the Manager of the Queensland branch of Silk Flowers. As the manager, her responsibilities include managing staff schedules, maximizing sales, inventory levels, administrative tasks, and staff training. Her areas of study for the diploma are managing personal work priorities, professional development, budgets, operational plans, and networking. In her personal time, Elinor enjoys chess, Australian rules football, interior design, science fiction novels, eating out, politics, and caring for pets.Introduction to Auto Enrolment
Introduction to Auto Enrolment Qtac Payroll Software
?
An Introduction to Auto Enrolment by Qtac
Be confident with:
Work Place Pensions
Auto Enrolment
The Pensions Regulator
Pension Providers
Auto Enrolment Functionality in QTAC Payroll
Planning for Success
What is Auto Enrolment?
‘Workplace Pension Reform’ is the term used to describe the changes to pensions in the UK, where employees are automatically enrolled into an ‘Automatic Enrolment’ pension scheme, as long as they ‘qualify’.
A workplace pension, which is arranged by the employer, is a way for employees to save for retirement. Some workplace pensions are also called ‘occupational’, ‘works’, ‘company’ or ‘work-based’ pensions.
If a company already has a pension scheme they will need to check that it ‘qualifies’ if their plan is to use that scheme as their ‘Workplace Pension’.
Companies who do not currently have a pension scheme setup will need to set up an ‘Auto Enrolment’ scheme. The pension scheme must ‘qualify’ - meaning the employee and employer contributions match or exceed the minimum contributions (detailed later in this document) and also that no restrictions are placed on membership.
Every company will be required to offer employees the chance to join a pension scheme, which both the ‘employee’ and ‘employer’ will contribute in to. The employer has to contribute at least the minimum contribution into the scheme in order for the scheme to qualify.
In most cases the government also add money into the pension scheme in the form of tax relief.
Employees need to be automatically enrolled if they:
Are aged between 22 and State Pension Age
Earn more than ?10000 a year (2014/15 limit)
Work in the UK
If a company does not have a qualifying pension scheme then it must introduce one. If the employer doesn’t currently make a contribution to the pension, they will have to by law when they ‘automatically enrol’ entitled workers.
Employers are responsible for ensuring they have a compliant pension scheme in place and that the correct employees and employers contributions are paid into the scheme.
One Year in into the Pension Reform
More than 750,000 members
Over 2,350 employers
Opt outs around 8 per cent
Staging Dates
Each company will have their own staging date, your auto enrolment staging date is determined by the size of your PAYE scheme on the 1st April 2012. Staging dates will be staggered, with larger employers starting sooner and small employers starting later.
How do I find it out? Visit The Pensions Regulators website
Use the Staging Date Calculator
www.thepensionsregulator.gov.uk/
A company can choose to move it’s staging date to an earlier date but it cannot be moved to a later one.
A pension scheme can be setup for employees at any time. You do not have to wait until auto enrolment is introduced.
We recommend that you give yourself plenty of time to prepare for auto enrolment.Welcome Powerpoint
Welcome PowerpointSumesh SV
?
The document discusses the three main types of weathering that cause rocks to break into small pieces. Mechanical weathering is caused by temperature changes that make rocks expand and contract, breaking them into layers. Chemical weathering results from chemical reactions between minerals in rocks and rainwater that cause disintegration. Biological weathering is the disintegration of rocks by tree roots and small creatures making homes in cracks.Matter B Ed
Matter B EdSumesh SV
?
This lesson plan aims to teach students about India's election process and the role of political parties. Students will compare different types of political parties, learn about the Election Commission's functions, and how elections are conducted. Activities include discussing electoral symbols, the voter ID card process, adult franchise rights, and the duties of the Election Commission. The lesson concludes by having students collect pictures of election symbols and political parties to create a classroom chart.