IRIS PAYE-Master Payroll Software Pension module supports all
types of pension schemes including stakeholder, private pension
plans, Additional Voluntary Contributions (AVCs) and the NHS
scheme. It even produces remittance schedules addressed to the
trustees of each pension fund.
With the module being fully approved by the HM Revenue &
Customs (HMRC), submit your end-of-year returns to the HMRC online
and you will you know immediately whether they have been received
successfully.
As this development is due to be made compulsory in 2009/10,
the HMRC is offering cash incentives for small businesses who file
their returns online, so you could benefit from financial rewards
as well. You can find more information and registration details on
the
HM Revenue & Customs (HMRC)
website.
Key Features
- Fixed amount % of pensionable pay
- Contracted out money purchase
- Additional Voluntary Contributions (AVCs)
- Stakeholder pensions
- No limit on the number of schemes per
payroll
- Up to 4 schemes per employee
- Employees can join a pension scheme part way
through the tax year
Reports
- Employee pension records
- A list of contributions both in employee order
and in pension fund order
- Remittance report showing the contributions
made (employee and employer) and the amount due to be paid to the
pension fund
