Create/ Edit Pension Fund Details - Output Files
To create or edit a pension fund:
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Go to the Pension menu and select Configure Pension Fund.
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Select Add New or Edit.
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Choose the Output Files tab.
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From the Output Files section, select the required File Output.
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Select an option from the Include drop-down (the option you choose is determined by your Pension provider).
The file format you select determines the fields displayed on this screen. Your Pension provider supplies the information you need to complete these fields.
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If required, enter the Unique ID (you can obtain this from your Pension provider).
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If selecting Add Employee contributions to Employers, when the output file creates, the employee contribution adds to the employer contribution, resulting in the employee contribution being set to zero in the output file. This is only used for certain salary sacrifice pensions.
NEST Group, NEST Payment Source and Standard Life Site Code are now set at Fund level and it is no longer necessary to enter a dummy Employer Reference Number.
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Payment Method - this drop-down list only displays when choosing Teachers' Pension MCR from File Output.