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New Financial Year, New Payroll

Do you think your payroll is up to standards? Does it do everything you need? With the new financial year creeping upon us, now is the time you need your payroll to be the best it can be.

Did you know 1 in 20 employees in the UK are paid using a Pegasus Payroll system?

With many features that are vital in helping your business run smoothly, Pegasus Opera 3 Payroll can greatly benefit your company and its processes.

The Award-winning Opera 3 Payroll & HR software is HMRC PAYE recognised and is designed with automated features to remove the strain out of processing your payroll, by helping out with tax, pension and employment legislation.

 

Key features of Pegasus Opera 3 Payroll

Click the orange links for further information on each feature.

  • Pegasus Opera 3 payroll allows you to submit Real Time Information (RTI) to HMRC.
  • Integration with pension providers allow contributions to the employee’s pension scheme can be sent electronically to NEST (National Employment Savings Trust).
  • Opera 3 Payroll and HR is customisable to meet your needs so forms can be changed, conditions added to fields and menus can be modified.
  • As a separate module, the Pegasus P11D Organiser can give you a management and reporting tool for employee benefits and expenses, making them easier to manage.
  • The payroll software now offers Email Payslips as standard, allowing you to move towards a paperless, more economically friendly office.
  • It also features salary sacrifice.
  • Web Xchange is a separate module that can integrate with Pegasus Opera 3 Payroll, which allows you to securely access Opera 3 data from your web browser on a number of devices.

Pegasus Opera 3 payroll also has many other useful features to help businesses payroll run smoothly and efficiently.

 

Please see the below video for more of an overview.

 

For more information please contact us on

01562 68211 or email sales@minstermicro.co.uk

Salary Sacrifice Available For Opera 3 Payroll

With the advent of auto enrolment, salary sacrifice is becoming more and more popular with companies deciding to use it with their new pension schemes.

Payroll Payment Screen-Shot

Payroll Payment Screen-Shot

Under a salary sacrifice arrangement, an employee gives up some of their cash earnings in return for new or increased entitlements to non-cash benefits provided by their employer. Apart from pension contributions, such non-cash benefits include childcare vouchers, cycle schemes, travel, subsistence allowances and others.

Salary sacrifice can be financially beneficial for both employers and employees as it can reduce the amount of tax and National Insurance (NI) an employer deducts and pays to HMRC against the employee’s remuneration package. This happens when part of an employee’s remuneration changes from cash, for which tax and NI contributions are due, to non-cash benefits which are wholly or partially exempt from tax and NI contributions.

Opera 3 Payroll has been enhanced in order to automatically calculate both percentage-based and fixed-value sacrificed pension contributions and include them within the associated pension contribution files and reports.

There are many benefits to salary sacrifice in Opera 3 Payroll:

    • It’s very quick and simple to set up
    • Salary sacrifice can be used for both pension and non-pension sacrifices
    • A pension salary sacrifice can be based either on a defined value or on a percentage
    • Salary sacrifice information is printed on the payslip
    • Sacrificed values are included in pension contribution reports and pension contribution files
    • Pension salary sacrifice values are shown on the Employee History form
    • The employer’s NI saving can be added to the contribution
    • It’s included as standard with Opera 3 Payroll

If you decide to introduce salary sacrifice, Opera 3 Payroll will help you make a smooth transition, and you’ll be able to start benefiting from reduced costs simply and quickly.

Contact us for further information on Opera 3 Payroll & Salary Sacrifice.

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UPDATE: New Data Exports Are Now Available

Data ExportsData Exports that are now available:

Standard Life, Scottish Life, Aegon

In Development: Aviva, Zurich, BlueSky

To see the original article, please click here

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Data Exports To Pension Providers

Update: New Data Exports to Pension Providers, please click here.

Data Exports To Pension ProvidersMinster is a Pegasus partner that has been working with various pension providers to make Auto-Enrolment as simple as possible for its Opera payroll users.

 

Pegasus Opera II and Opera 3 payroll systems have an option to provide NEST integration, but there are many other options available to companies that are not available from Pegasus as standard.Our Pegasus developer has devised a number of data exports from a single payroll utility solution.

We currently have data exports available for:
People’s Pension, NOW: Pensions, Scottish Widows, Legal & General

In development we have:
Aviva, Aegon, Scottish Life, BlueSky, Zurich

Subject to demand, there is also consideration in the development of data exports for a number of other pension providers.  Please contact us with any requests that you may have and we will investigate the requirements for you.

 

Save the Date

Auto-Enrolment Event – Wednesday 22nd January

Auto-Enrolment EventAfter a successful event…

We are holding another auto-enrolment event on Wednesday 22nd  January for those who are enrolling within the next 2 years.

Please contact us and confirm your place if you wish to attend.

For more information and what attendees thought of the last auto-enrolment event, please click here.

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Success At Auto-Enrolment Event!

Success @ AE Event

Auto-Enrolment Event Held At Minster Offices

Success: As Auto-Enrolment is fast approaching for many SMEs, the need for information and guidance has become more and more desired.

This is why we decided to join forces with experts in the finance and pensions field and hold an event to provide the knowledge and know-how to set our clients on the right path. After inviting customers to this free event, we had a fantastic turn out. EVERYONE left with a good sense of direction and the right information to get them started. Throughout the presentation, it became clear that Auto-Enrolment isn’t something that JUST happens. It won’t work with a click of a button. It is a process in which companies are advised to plan for well in advance- up to 12 months in advance! They realised that should be preparing for Auto-Enrolment as soon as possible.

It became apparent that a lot of the attendees were not at a stage that they should have been at and the presentation really gave them an understanding about what they needed to do. One of the important messages everyone took away was that companies cannot avoid Auto-Enrolment. No one is exempt from the penalties of up to £10,000 a day, but the good news is there are people who can aid them through the process.

For all of our Pegasus customers, we will have a role to play in assisting with this big change and that’s why we came together with Chris Poole and Joanna Toon. We will be holding future events to fit in with other staging dates so if you would like to attend or would like further information, please call us on

01562 68211 or email us marketing@minstermicro.co.uk.

What you said…

“Thank you for the Auto-Enrolment event.

The event was truly helpful and has guided me in the right direction for when and how to approach the Auto-Enrolment scheme, not only was it informative for the computer software aspect but also provided information about the background and workings of the scheme.”

Fiona Round
Harris Pipework Fabrications

 

“We found the Auto- Enrolment event very helpful and informative and a good insight into what is coming.

I think the pension company who attended gave a very good insight into it and it was not a real hard sales pitch.

Many thanks for this informative seminar.”

Jeanette Mills
Williams Ashton & Anderson Limited

 

“As my staging date isn’t until March 2015, I couldn’t initially see the benefit of attending the Auto-Enrolment event. However, after going along – I’m so glad I went! I now realise how important it is to prepare early. I found the whole morning to be really informative and it has encouraged me to be a lot more pro-active as it filled a lot of gaps for me.

I now feel ready to face Auto-Enrolment without worry!”

Tammy James
A J Lowther & Son Limited

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Save the date: Wednesday 25th September at 10:00am for Auto-Enrolment for Pensions workshop

pensions-save-the-dateFrom 1 October 2012, changes to the pensions law (the Workplace Pensions Reform) have started to affect employers.

Employers will have to enrol their employees into a pension scheme and pay into that scheme. We will be holding further workshops throughout the year, dates to be confirmed.

Events

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Final Auto Enrolment – Oct 2014

To ensure a prompt start, there will be coffee registration at the office from 9am.

As Auto Enrolment is fast approaching for many SMEs, the need for information and guidance has become more and more desired.

This is why we have held numerous auto-enrolment seminars with pensions and finance experts to help our customers with any prep information that they may need. After the success and great feedback of previous events, we are holding our LAST EVER auto-enrolment event with advice from our software team.

As this is our last ever auto-enrolment event, we urge anyone who has any queries relating to our responsibilities to attend so as not to incur any unnecessary consultation charges.

 If you would like further information, please call us on 01562 68211 or email us at marketingteam@minstermicro.co.uk.

Please note, due to popularity, you will need to register each person from your company individually

 

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Auto Enrolment Seminar – Jan 2014

Auto Enrolment - image of a Piggy BankFrom 1 October 2012, changes to the pensions law (the Workplace Pensions Reform) have started to affect employers.

Auto Enrolment means that employers will have to enrol their employees into a pension scheme and pay into that scheme. We will be holding further seminars throughout the year, dates to be confirmed.