As your members reach retirement, you have a responsibility to make sure their pensions are paid correctly and on time.
An efficient pensioner payroll system is just one of the many elements that can help keep your scheme running smoothly.
Because pensioner payroll is such a complex area, your organisation probably invests a considerable amount of time
and resource just to stay ahead of the basic requirements, like calculating tax deductions and issuing pensioner payslips – not
to mention answering any resulting queries.
We have robust controls in place to ensure your gross to net calculations are precise.
Payslips & P60's
We prepare, print and distribute all of your pensioner payslips and yearly P60's
HM Revenue & Customs (HMRC)
We deal with all in year (P46 and P45) and end of year (P14 and P35) submissions electronically in accordance
with their quality standard measures and submit PAYE payments directly to them on your behalf on or before due
dates, to ensure penalties are avoided.
April 2013 will see significant changes in how pension schemes and employers report PAYE to HMRC with the introduction
of Real Time Information (RTI). Schemes that are not ready risk significant penalties for non compliance.
HS Admin have been actively reviewing systems and procedures to ensure compliance before, during and after mandation.
We have a pensioner helpdesk to help with all queries and issues regarding payments and taxes.
You can click here to download a leaflet outlining our complete Pensioner Payroll Service.
Approved and certified by ISOQAR with the ISO 9001 standard
Authorised and Regulated by the Financial Conduct Authority 402198