Setting up an auto enrolment pension scheme in internet payroll is quite simple. You can refer the below mentioned steps to know how to setup a NEST auto enrolment pension using our application.
1. Create NEST Online Account:
Firstly, you need to create a NEST online account and those details from the NEST account will be used to setup the AE pension scheme in our application. If you have not created one, please click on the below link and follow the onscreen instructions to create the account.
2. Setup NEST auto enrolment pension scheme in internet payroll:
Once you setup the NEST online account, you need to then setup a NEST auto enrolment pension scheme in our payroll application.
Please follow the below steps to setup a self defined NEST AE pension scheme.
Step 1: Go to the 'Pension' menu in the tasking zone.
Step 2: Select the 'Auto Enrolment pension (AE) Setup' sub menu.
Step 3: Click on 'NEST' link.
Step 4: Click on the 'Additional AE Pension settings' link.
Step 5: Click on the 'Add New Pension Scheme' button.
Step 6: Then enter pension details and the 'NEST Employer Reference'.
Step 7: The 'Group Ref.' you enter should be same as the name given for 'Group' in the NEST account.
Step 8: Finally click on 'Save' button.
Pension -> Auto Enrolment Pension(AE) Setup -> NEST -> Additional AE Pension settings -> Add New Pension Scheme -> Enter self defined pension details -> Save.
Please Note: You can also choose to set up a Minimum Compliance AE Pension, for which the system automatically assign the minimum contribution rates,and will automatically increase in accordance with the phasing dates laid down in legislation. You need to add only the Staging Date and NEST Employer Reference. The other settings are default settings i.e Deferment Policy, Pension Scheme Details, Employee Contribution, Employer Contribution.
Pension -> Auto Enrolment Pension(AE) Setup -> NEST -> Minimum compliance AE Pension settings -> Edit -> Save.
3. Setup payment source:
The Payment Source name that you have entered while setting up the NEST online account should match the Employer Bank Ref. in our application. Please follow the road map to check whether both the Employer Bank Ref. and Payment Source matches.
Employer/Setup -> Employer Details -> Employer Bank Details - View / Edit -> Employer Bank Ref.