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Edit Pension Scheme (APP)

Use

APP is a personal pension plan that an individual can use for contracting out of the state earnings related pension scheme (SERPS). This plan will build-up benefits where the pension income at retirement will be dependent on the contributions made and investment return. For further guidance on appropriate personal scheme.

In this screen you can modify the Appropriate Personal Pension details for the chosen employee

Path

Payrun > Payment Frequency (Weekly/Monthly/2 Weekly/4 Weekly/Quarterly/Annual/Bi-annual) > Deduction & Pension > Pension Deduction > Appropriate Personal Pension (APP) > Edit

Fields Available

Fields marked with an asterisk (*) are mandatory.

Appropriate Personal Pension Details

• Scheme Name: This field displays the scheme name.
• Scheme Joined Date: Enter here the date on which the employee joined this pension scheme. You can use the calendar button to enter the date.
• Scheme Left Date: If the employee has left the pension scheme then enter here the date on which the employee left this pension scheme. You can use the calendar button to enter the date.
• Employee Pension Ref.: Enter here the employee pension reference if any.
• Other Ref.: If there is any account reference number with respect to the scheme, enter it here.
• Status: State the status of the selected pension scheme by clicking on the respective option.
• Active: Select this check box if the pension is currently operational and deductions should be made.
• On Hold: Select this check box if the pension is not currently operational and no deductions should be taken.

Associated Tasks

• Back: If you wish to exit this screen without saving the changes, click on this button. You will be taken back to the Deduction & Pension screen.
• Update: If you are sure about all the entries and wish to continue, click on this button. You will be taken back to the Deduction & Pension screen, where all the changes can be viewed.

Related Topics

Add New Pension Scheme (APP)