Xero: Don't Forget To Update Your Workplace Pension Settings
Xero updates its payroll software ...
Posted by Alison Mead on 29/11/2021 @ 8:00AM
Xero has updated its payroll software to include a new pension re-enrolment feature. It's a really nice time-saving feature that eliminates part of the manual administration of pension re-enrolment ...
Xero's new solution offers an integrated, comprehensive, end-to-end pension experience!
For payroll administrators and clients, this means:
Automatically assessing and enrolling employees
Reduction in manual processing to reduce the risk of errors
Secure integration with pension providers
But what does the new process look like?
When completing the Workplace Pension setup either for the first time or as a returning customer, an upcoming re-enrolment date can be captured.
Xero will prompt you in product to confirm the re-enrolment date as this period approaches.
In the next pay run including the re-enrolment date, users are presented with a list of employees that are eligible for re-enrolment, both mandatory and optional.
Workplace pension contributions are automatically processed for re-enrolled employees, in line with The Pension Regulator's rules.
This is a new solution and offers an integrated, comprehensive, end-to-end pension experience for anyone using Xero payroll. If you'd like to know more then one of my hand-holding sessions may be a good idea.
Until next time ...
ALISON MEAD
Would you like to know more?
If anything I've written in this blog post resonates with you and you'd like to discover more about the updated Xero payroll software and how it makes pension re-enrollment easier, it may be a great idea to give me a call on 01604 217365 and let's see how I can help you.
Alison loves bookkeeping and supporting bookkeepers. She has been helping clients to be better bookkeepers in Sage 50 for over 24 years and has been Xero Accredited in accounts and payroll for a number of years too.
She specialises in a very unique hand-holding method of training, helping bookkeepers and business owners to use their accounts software as and when they need support in setting up and producing their invoices, reports and financial information.
Alison combines her role at Silicon Bullet with her Forever Living network marketing businesses and is often to be seen at business networking meetings as she likes to keep busy.
You know what they say: if you want something done well ask a busy person!
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