Payroll plays a key role in pensions. After all, it’s what helps get contributions paid and people saving for later life. Deciding how best to manage the process of handling and submitting data can sometimes feel like sailing through rocky shores. But it doesn’t have to be – here’s why…
Payroll integration! An integrated service which allows your payroll system to be linked up to the pension provider of your choice (and if you’re reading this, that’s hopefully us – The People’s Pension). By doing so, it eliminates the hassle of keying in data, completing spreadsheets and correcting errors – it means sending data across, all in one go, at the push of a button. This is much like you do with RTI (real time information) submissions to HMRC.
Not all pension providers offer an integrated service. But with The People’s Pension that’s exactly what you’ll get.
Take to the helm with payroll integration
More and more employers and payroll professionals are looking to payroll integration to help them manage their workplace pension data more efficiently. In the last 12 months, submissions to The People’s Pension using payroll integration has increased by over 30%*.
We’re committed to offering a quick and simple way for businesses to manage their workplace pension with us. It doesn’t matter how big your business is; we work with some of the leading payroll software providers. Don’t miss the boat – get on board and benefit from a seamless process. And if you need any more convincing, why not take a look at who’s already with us.
How to get started
If you’re interested in payroll integration, start by speaking with your payroll software provider to see if they’ve already integrated with The People’s Pension. If they haven’t or you don’t have a payroll provider, you could use PensionSync. They’re a technology platform for managing your pension with many of the leading workplace pension schemes. Their flexible systems mean they can adapt to your company’s needs when it comes to managing pension data.
Alex Fleet, Director at Abco Payroll recommends PensionSync to automate the delivery of pension data to The People’s Pension:
“The process works as efficiently as we would expect from two organisations with a commitment to efficient processes. By setting clients up for automated collection of contributions we are able to do all the scheme administration from within our payroll software rather than manually in each client scheme on The Peoples Pension portal.”Alex Fleet, Director at Abco Payroll
No more choppy waters – make your payroll smooth sailing
I recently hosted a webinar with Dan Donovan, Head of Customer Experience at PensionSync, where we talked about how payroll professionals and employers can automatically connect their payroll to PensionSync using our integrated solution. We also covered the increased efficiencies that come with payroll integration and some of PensionSync’s services and latest features.
Watch our webinar recording, ‘Make payroll integration work for you’ to find out more. Or visit our payroll webpages.
*Stat from June 2021.