Pension Administration
(Including New NHS Pension Scheme)
Fairway Training offers a comprehensive Pension Scheme administration service
to GP practices.
Benefits of outsourcing pensions administration
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Release staff time for other duties
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No need to be the "expert", because you are utilising the experience of Fairway
Training
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Gives more confidence to the employer that the administration is being handled
correctly
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It is a cost effective method of pensions administration
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It ensures the most up to date information is available to staff
All areas of administration will be dealt with using Pensions Online where
necessary. These include:
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Annual SD55 cyclic update
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SS10 completion for new starters
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Closures of SD55s when appropriate
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Calculation of Total Pensionable Pay
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Processing AW8 forms for retirements
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Processing Ill Health retirement applications
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Completion of AW136 forms for preservations
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Completion of documentation in the case of an employee's death
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Ensuring compliance on re-employment regulations
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Additional service purchases
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Refunds of contributions
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Opting out procedures
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Provision of estimates of benefits for staff
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General guidance and assistance to staff
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Dealing with correspondence from the Pensions Agency
As the Pension Scheme evolves, the administration service will take full
account of, and incorporate, all changes required by the NHS Pensions Agency.
In addition to the above the Practice will still have access to the unique
support service operated by Fairway Training and will still
receive Pensions In Practice newsletters and staff information
bulletins.
How does the service operate?
Initial Setup
At the commencement of the contract, information is required for each member of
staff employed at the practice. A customised form is available to enable the
collation of such information or print outs from your current payroll system
can be used.
Ongoing Procedures
Each quarter a relevant report (usually a payroll print) needs to be forwarded
to enable Fairway Staff to “audit” your pension records throughout the year.
The report should include:
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Details of hours paid
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Employees and Employers contributions
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Added Years contributions
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Pensionable Pay information
Practices are still required to complete form GP1 and a copy would be sent to
Fairway Training.
How much does the service cost?
If you are already a member of our support service but not yet logged in, it's much easier to do so now
(here) and return to this page for an immediate quote, otherwise please complete
the form below.
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