Our service caters for different types of pension schemes such as COSR, COMP, FSAVC, GPP, PPP and Stakeholder. Details of each scheme should be entered globally in the Employer/Setup section, then later on, employees can be allocated to the appropriate schemes individually.

Select Pension Schemes from the Employer / Setup drop down menu. Enter / Edit the ECON number by clicking on the Edit button. To add a new Pension Scheme click on the Add New Pension Scheme button. Next enter the pension scheme name and select the Pension Provider from the drop down list. Select COMP from the pension scheme type drop down list. Enter the Scheme Contract-Out Number (SCON) for the COMP Pension Scheme. For COMP schemes you have to enter the minimum payment amount details. The minimum payment is the amount equal to the employer's and employee's contracted-out rebate, which an employer must pay into a Contracted-Out Money Purchase (COMP)/Contracted-Out Money Purchase Stakeholder Pension (COMPSHP) scheme for the benefit of each employee who is contracted-out under that scheme. Further, enter the employee and employer contribution details and click on Save to save the details you entered.