Workplace Pension Data Exchange
Key Features
- Conducts Workplace Pension Assessments each pay period
- Produces Comms. letters
- Produce pension deduction file
- E-files contribution returns to pension providers
- Generates payroll deduction files
- Auto triggered re-assessments
- TPR Declaration of Compliance data
- Option for Relief at Source or Net Pay Arrangements
Detailed Features
If you are a big corporate or pay bureau looking for a simple and fast Pension Data Exchange you have found it here. The system is fully comprehensive
dealing with all aspects of Workplace Pension Assessment, Re-assessment, Pension calculation and e-filing the regular contribution to pension providers.
1. Easy Migration of Employee Data
Your employee data can be easily migrated to AAADataX with our given template. Just follow the steps and given instructions you will be able to migrate from your current middle ware to our cost effective and much more feature rich system.
2. Conduct Workplace Pension Assessments Each Period
Regardless of your pay frequency the Workplace Pension Assessment will be done each pay period of your pay run for those employees who are not an ELIGIBLE employees. AAADataX will advise you of the assessment results weekly, monthly, etc in accordance to your pay frequency.
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3. Produce Comms. Letters
The Comms letters are automatically generated after the first assessment and subsequent re-assessments if there is a change to the previous assessed status. The content of the Comms letter is based on TPR's provided templates. Your company name, employees' names and the date will be imposed into the respective Comms letters in accordance to the assessment status. Should you wish you can add your company logo to the Comms letters.
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4. Produce pension deduction file
The system will calculate the pension deduction file for you to submit it the pension provider you subscribed to in accordance to the file format that the pension provider will accept. The pension provider may accept the file in electronically or by CSV file upload.
5. Generate Payroll Deduction Files
The payroll deduction values AAADataX generates are based on the latest TPR stipulated deduction rates / threashold for pension calculations. This helps you to calculate your payroll accurately and with peace of mind.
6. E-file Contribution Returns to Pension Providers
You can e-file your Workplace Pension Contribution data to NEST, Smart and SuperTrust Pensions with a click of the mouse. More pension providers' eReturn functions will be available soon. For those you cannot e-file you can download the data from AAADataX to upload to the respective pension providers.
7. Timely Auto-Triggered Re-assessments
At intervals of every 3 years from your staging date you need to re-assess those employees who were eligible job holder but opt out of AE, AAADataX will automatically do this for you.
8. TPR Declaration of Compliance Data
This intelligent system will remind you to file your Declaration of Compliance within 90 days of assessment or re-assessments. Once TPR provides the e-filing facilities our system will help you to make your Declaration of Compliance return by simply clicking on a button.
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9. Relief at Source or Net Pay Arrangement
The system will calculate your employees' pension contributions based on your choice, either for Relief at Source or Net Pay Arrangement contributions. Once you set it up and and give us your pensionable data we will calculate the contributions according to TPR's latest contribution rates.
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