Compendia’s fully integrated pensioner payroll solution is rich in the functionality required for carrying out the pensioner payroll and annuity operation. Our payroll solutions are responsible for the payments to over 1 million pensioners. Key features include:

• Gross to net calculations across all payment frequencies, payment in arrears, in advance or mixed for UK and Overseas payments
• Payments by BACS or Cheques
• Payslip and P60 production direct to printer or to file for outsourced third party print bureau
• Standard reports to enable reconciliation from gross to net, and period to period
• Supplementary and lump sum payrolls for the processing of ad-hoc payments in respect of arrears and lump sums
• Deductions payroll for deductions and tax to third parties
• Fully compatible PAYE Electronic Data Interface (EDI) to and from HMRC
• Parameterised pensions increases
• Automated payroll scheduler – all processes are workflow driven providing performance related management information statistics