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How to set up your company pension scheme by Hero Academy Training

Overview

A workplace pension is a way of saving for retirement that an organisation will arrange for its employees. The organisation must automatically enrol employees into a pension scheme and make contributions when employees meet certain criteria, however, employees can opt out if they want.

To process workplace pension files within your payroll platform, you first need to setup a pension scheme for your business. There are two ways to setup a pension scheme for your business:

  • Manually setting up a pension scheme.
  • Using the PensionSync integration.

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