TRAINING COURSES
CPD Counts towards
CPDACCREDITED2017
Pensions for payroll and automatic enrolment One day duration
CPD Counts towards
Who is this course aimed at? Anyone responsible for, or connected with, pensions within their organisation and anyone in the HR, finance or payroll environment that requires an understanding of pension schemes, the statutory requirements surrounding automatic enrolment and the benefits of considering salary sacrifice to reduce the employer costs of automatic enrolment. What will I learn? This illuminating course explains the legal and payroll related implications of the planning and introduction of automatic enrolment for pensions and salary sacrifice arrangements. It examines, with examples, why an arrangement may or may not be effective or successful. The course covers the key elements of pensions in payroll and will assist you in preparing your organisation for the challenges ahead. The role and duties of employers and the various statutory bodies including HMRC, Department for Work and Pensions and The Pensions Regulator are explained. The focus is on the implications for employers and employees with particular emphasis on payroll processing and procedures.
Course content ● Pensions for payroll m How tax relief is obtained on different types of pension schemes (pre and post tax) m NI implications of contracting-out, including minimum payments and age-related rebates m Significance of ‘tax approval’ and its effect of tax relief m Earning and remuneration for pensions and the earnings cap m Review of all certificates needed for contracting out and tax approval m The significance of the upper accrual point and its effect on the NI calculation m Pensions – domestic and expats m Employer’s contributions to the pension scheme m AVC (additional voluntary contributions) m PC (pension cap in tax year), DC (defined contribution), DB (defined benefit) m ECON (employers contracting out number), SCON (scheme contracting out number) ● Overview of automatic enrolment m Assessing the workforce for automatic enrolment m The different categories of ‘worker’ m Employer duties m Automatic enrolment schemes o Qualifying schemes ● Recurring obligation of re-enrolment m Date of anniversary m Flexibility and variation m Notification to various parties ● Assessing workers and earnings pay reference periods m Determining the pay reference period m Earnings period or tax period m Effects on assessment and contributions processes
● Postponement
m Employer’s duties m Processing worker status m Eligibility
m Exceptions m Exclusions
● Opt-outs m Refunds of contributions m Processes m Communications m The requirements: when, what and how
Course aims Upon completion of this course, delegates should: ● Have a strong understanding of various types of pension schemes and their administration ● Understand what needs to be done and by when, to comply with the new pensions regulations for automatic enrolment ● Understand their responsibilities and obligations in respect of re-enrolment
“ Course leader was fantastic, so friendly and fun. She made PAE a fun day with lots of extra information provided extra to the CIPP standard and really easy to follow and understand. Would recommend this day to anyone. Thank you! ” Hannah Dollimore, payroll assistant, Clarks
43 Please note that the CIPP continually updates its products and services to ensure that they meet the needs of the industry, therefore content is subject to change without prior notification. Please visit cipp.org.uk for the most up to date information.
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