CIPP Payroll: need to know 2021-2022

The Chartered Institute of Payroll Professionals

News On Line

Signing into online services

An ongoing programme is underway of deleting the credentials of users who have not signed in to a service for three years.

Pension scheme administrators and practitioners who have not signed into the following services for a while will be required to log into their Business Tax Accounts in order for their credentials to remain active:

The Pension Schemes Online service The Managing Pension Schemes service

• • •

Other tax services

Where credentials have already been deleted, guidance on how to restore access is available in section 1.4 of the Pension schemes online: user guide.

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New MoneyHelper service now live 2 July 2021

Back in March 2021, the Money and Pensions Service (MaPS) announced MoneyHelper – a single access service for anyone requiring pensions and money guidance. The service is now live, and available to use!

MoneyHelper consolidates MAPS’ legacy brands of the Money Advice Service, The Pensions Advisory Service and Pension Wise. Anyone trying to access those websites will now be automatically redirected to the MoneyHelper page.

There are several tools which may still appear in legacy branding, but they can still be used as normal and will be updated shortly.

A video which explains more about the new brand is available online.

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Check your State Pension forecast 6 July 2021

Research carried out by Just Group plc has shown that nearly four in ten people failed to check their State Pension forecast prior to retirement.

14% of those who did check found that the forecast amount was not as much as they had been expecting, and half of them confirmed that this was approximately £500 less per year than they thought it would be.

It is easy to check your State Pension forecast, and it can be done online here.

The service can be used to establish:

How much State Pension a person could get

• When they will be able to get the State Pension • How they can increase it, where applicable

Individuals who are already receiving their State Pension, or who have deferred claiming it will not be able to use the service.

The Chartered Institute of Payroll Professionals

Payroll: need to know

cipp.org.uk

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