Payroll has seen may changes during the last year with the introduction of RTI (Real time information and Auto enrolment)

2014 will bring changes around pensions specifically those employees who are paid in the public sector, LGPS 2014 introduces new bandings.

In addition to this change employees can also now select to pay half contributions which will be known as the 50/50 stream, however the employer will still pay the full contribution rate.

Reporting requirements will also more complex to manage.

Payroll has seen may changes during the last year with the introduction of RTI (Real time information and Auto enrolment)

2014 will bring changes around pensions specifically those employees who are paid in the public sector, LGPS 2014 introduces new bandings.

In addition to this change employees can also now select to pay half contributions which will be known as the 50/50 stream, however the employer will still pay the full contribution rate.

Reporting requirements will also more complex to manage.

This is only a brief description of some of the changes to consider with the new LGPS 2014 rules, Dataplan Payroll will be LGPS 2014 compliant from April when these new rules come into effect

Here is the good news – We are LGPS 2014 ready and our customers can relax as Dataplan will be overseeing all of the required legislation changes for you, our system will be fully equipped for those first pay dates in April which need to apply the new rules.

For those of you who process payroll in house maybe this is an opportunity for you to consider our outsourcing solution?

We also sell payroll software for in-house use which provides the new LGPS 2014 functionality if your current system isn’t capable of these changes please contact us.

For full details of the LGPS changes can be found here or contact us by clicking on the contact form.