Auto Enrolment & Nest
Auto enrolment functionality is available as standard in Opera 3 Payroll and Opera II Payroll, to make it easier for you to fulfil your auto enrolment obligations. Opera 3 Payroll and Opera II Payroll perform calculations to assess employees for auto enrolment based on age and earnings and determine whether they are an eligible jobholder, a non-eligible jobholder or an entitled worker. Various auto enrolment tasks, such as automatically enrolling employees and assigning them to a pension scheme at the same time, can be performed on either a global or an individual basis.
Further key functionality includes the ability to record the employer’s staging date and the earnings thresholds that determine whether an employee should be automatically enrolled, as well as various statutory settings required for auto enrolment as defined by The Pensions Regulator. Opera 3 Payroll and Opera II Payroll also allow you to produce the necessary reports for your record-keeping and reporting duties, and feature integration with popular pension providers to make submission of your employee pension information easier.
Pensions Salary Sacrifice
Salary sacrifice arrangements can be financially beneficial for employees because tax and NI contributions may not be due on non-cash benefits being used as part of salary sacrifice. It’s important, however, to weigh these potential financial benefits against other effects that salary sacrifice can have on an employee.
Payroll Self Service
Empower employees and lower HR costs
Payroll Self Service gives your employees access to their personal data through the Pegasus Web Xchange. Integrating with the Opera 3 Payroll & HR application, Payroll Self Service is the first feature of the Pegasus Web Xchange offering remote access to employee’s personal data, holiday entitlement, and their payslips.
It’s quick and easy for employees to use, so the HR department can use their time more efficiently and be more productive. What’s more, the employees don’t need to be users of Opera 3 to access their data.
Email Payslips & P60’s
Opera 3 Payroll offers the option to e-mail payslips and P60s to employees. It’s a feature that comes as standard with the solution at no extra cost and can make paper payslips and P60s a thing of the past. You’ll no longer need to procure the relevant stationery, dedicate admin time or incur postage costs; at the click of a button, payslips and P60s can be delivered to the employee’s inbox as a password-protected PDF document.