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Posted on July 24, 2019
Product, What's new with product – 2 MIN READ

Pensions: automated with KeyPay and pensionsync

Love them or loathe them, pensions are a fundamental part of payroll processing.  Here at KeyPay we have tried to automate the pension processes as much as possible to take away a lot of the manual work and pressure points. With our latest release, KeyPay’s integration with pensionsync is now simpler AND more powerful than ever before.

Now, within KeyPay you can either set up your pension scheme manually or use our pension scheme integration with pensionsync to automate the reporting processes. 

pensionsync support the following providers:

  • NEST
  • AVIVA
  • Smart Pension
  • The People’s Pension
  • NOW

What if I have both types of schemes?

Wow you have your hands full, but don’t worry with the latest release KeyPay pensions has been enhanced to do just that. 

When you go into pension settings you can select either Add scheme manually or Add pension scheme via pensionsync. 

If you connect your business to pensionsync and import your scheme from pensionsync when you are ready to set up your manual scheme simply click the Actions button and you have the choice to either add a manual scheme or import a scheme from pensionsync. Carry on adding either manual or pensionsync schemes as you need.

What if I set up a pension scheme manually then want to connect it to pensionsync?

Not a problem, KeyPay has a nifty option that says, wait for it…… Link scheme with pensionsync! This option allows you to link a scheme that you have previously setup manually to pensionsync without having to change any of the employee settings.

So with the latest release KeyPay users can set up BOTH manual and pensionsync pension schemes AND if you want to, link a manual scheme to pensionsync at a later date.

Don’t you love pensions now? Just a teeny bit?

For more information please get in touch via support@yourpayroll.co.uk or visit our knowledge base.

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Posted on July 24, 2019
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