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Pensioner Payroll
Barnett Waddingham provides a pensioner payroll service either as an integral part of our pension administration service or as a stand alone service.
We recognise that payroll administration is a specialised service and smooth operation is essential to a cost-effective solution. Flexible retirement options mean that payroll processing is an increasingly complex area. Pensioners are aware of the need for security of payments and require clear straightforward information.
Core services
Our comprehensive range of payroll administration services includes:
- secure automated pension and tax payments
- e-filing P35 tax returns
- annual P60 for every pensioner
- maintenance of pensioner records
- pension increases
- comprehensive payslip service
- monitoring HM Revenue & Customs limits
- subscriptions and other deductions
- regular administration reports
- tax calculation and accounting
- cash flow forecasts
- tax code changes via internet
- cash management and accounting
- foreign currency conversion and overseas payments
- providing data for client and actuarial valuations
Specialist services
In addition to our core services, there are other specialist services that we offer, including:
- pensioner communications and dedicated help-lines
- data cleansing
- risk assessment and proof of existence services
- internet access to pension records and payslip history
- combining bought-out annuity payments
Related DocumentsPensioner Payroll (95.75 KB, .pdf)