Types Of Service:
Superannuation
Company Pension Scheme
The A1 Payroll Bureau is familiar with the reporting requirements and legislation for most fixed salary related schemes. We can provide a full employee pension breakdown report is required.
Stakeholder Pension
Stakeholder pensions were made available from 6th April 2001, with the intention of increasing the number of people saving for retirement. They are widely available from banks, insurance companies or building societies. Employers with five or more qualifying staff must offer their employees access to a stakeholders pension scheme.
Pension Payments
Monthly remittances are prepared by The A1 Payroll Bureau to pay the main pension scheme and AVC providers. This can be supplied on an excel spreadsheet or on paper in the approved format requested by the Pension Scheme providers.
Added Voluntary Contributions
Employees can also use any stakeholder or other approved scheme to top up their main Pension up to a maximum of 15% total pension contributions. This is known as Added Voluntary Contributions (AVC’s), which we can show separately on the wage slips.
Annual Returns
Approved annual pension returns can be submitted electronically online directly to the Pension Scheme providers if required. This will include the necessary information required for them to maintain the employee’s pension records. The necessary pension leaver forms, retirement, death in service or pension refunds are also administered.
Page Links
Data Submission
Payroll Summaries
Paying Your Employees
Legislation
HM Revenue & Customs
Year End Reporting
Payroll Price List