Jul 2019

8

BrightPay - Award-winning payroll software you can trust

After winning ‘Payroll Software of the Year’ at last years’ Accounting Excellence Awards, the BrightPay team are delighted to be shortlisted in the payroll software category again this year. The winner is decided by a public vote held by AccountingWEB, whereby members are asked to rate the software systems that they use to determine the best products on the market.

In recent months, BrightPay carried out a customer survey and we were happy to discover that we have maintained our 99% customer satisfaction rate. Recent comments from some of our happy customers include:

  • “Using BrightPay has revolutionised the way we manage payroll as a practice. The staff are always extremely friendly and helpful, and especially attentive to suggestions.” - Carol Webb, Casktrak Ltd

  • “After using other payroll packages for several years, I was highly delighted when I discovered BrightPay. The time I save per payroll is great and it’s the easiest, fastest and operator-friendly software I have ever used.” - Irene Hopkinson, Westmill Accountancy

  • “Having tried various payroll software, BrightPay is far superior to anything else on the market and their customer support is superb.” - Helen Bower, Adder Bookkeeping Ltd

  • “BrightPay is the first payroll software we have used which is truly fit for purpose. The functionality and straightforward approach of the software is second to none, and when paired with the fantastic customer support and value for money makes BrightPay the payroll software provider of choice.” - David Atyeo, Donovan Atyeo

  • “This is our first year using BrightPay Connect and we are so pleased with it as it has enabled us to automate more in the way reports and how payslips are delivered to our clients. Really love the approval feature. Well done!” - Bharat Hathi, BDH Chartered Certified Accountants

Over the past year, our team of developers have been working hard to make BrightPay better than ever. We have added many new features to help our customers manage their payroll processing more efficiently.

  • This year we introduced payroll journal API integration with a number of accounting packages. This allows users to send the payroll journal directly to their accounts software from within BrightPay. BrightPay currently has direct integration with Sage One, Quickbooks Online and Xero with many more currently in development.

  • Another new feature this year is batch payroll processing, whereby users have the ability to finalise payslips, check for coding notices and send outstanding RTI & CIS submissions for multiple employers at the same time, which has significantly reduced the payroll processing time for payroll bureaus and accountants.

  • With BrightPay Connect, we have also launched the client payroll entry and payroll approval feature, which is a game-changer for payroll bureaus and accountants. Clients can enter their payroll information into an online employer dashboard. Once reviewed by the bureau, the information is seamlessly synchronised back to the payroll software, eliminating the manual input and putting the onus on the client to make sure that the payroll information is 100% accurate.

Book an online demo today to find out more about our new features. You can also have a look at our Accounting Web Product Showcase where Ann Tighe from BrightPay shows AccountingWEB’s head of insight John Stokdyk some of the features that enable accountants to save time and boost efficiency.

Best of luck to all of the software providers who have been shortlisted for an Accounting Excellence Award.

Posted byRachel HynesinAwardsPayroll Software


Jun 2019

4

Customer Update: June 2019

The hidden benefits of an employee self-service system

The ability for employees to view and edit their own data is one of the most important advancements of HR in recent years. Providing employees with remote access to view personal information is also a best practice recommendation of the GDPR. It's obviously true that employees have a lot to gain from a self-service system, but what about HR personnel, managers and everyone else involved in the payroll and HR process? They benefit too!

Discover the benefits

 

Payroll Implications of Brexit

Britain is currently like a cat that waits at the door crying to be let out but once the door is open, decides it doesn’t want to leave anymore. But never mind all these bigwigs in Westminster saying how this will affect that and so on; today I want to talk about what Brexit means for the unsung heroes of HR, in particular, payroll. How will leaving the EU affect their everyday work life? We have put together four key areas to note.

Find out the key implications

 

DIY payroll: Empowering clients with self-service remote access

There’s a lot of talk these days about ‘customer-centricity’, in particular integrating your clients into the processes that serve them. The internet makes it easy for clients to help themselves because they can access specific functionality that isn’t confined to a single location or computer. Download our free guide where we discuss DIY payroll and more ways that innovation is improving payroll as a service.

Download guide

BrightPay back with a bang at Accountex 2019

The BrightPay team were back at Accountex again this year for our fifth year in a row. It was great to meet with so many existing customers and new customers and get to speak with them face-to-face. Don’t miss out - if you didn’t attend, make sure to book a demo and download our brochure today to find out about our newest features.

Download brochure | Book a demo

Three quick things that will really help accountants

18 months ago, the book “What’s next for accountants” stayed at Number 1 on Amazon for three weeks, and was hailed by accountants and gurus across the world as a “must read”. We have persuaded the author (Shane Lukas) to celebrate the 20th anniversary of his business by giving you three ground-breaking gifts.

Get your gifts here

New User Management Interface for Connect

Our new User Management feature for BrightPay Connect makes it more seamless and quicker for users to be set up or amended. It offers the option to select permissions for multiple employers at one time for a standard user. There is also a new permission to allow standard users to connect and synchronise employers from BrightPay to Connect and a new feature to mark an employer as confidential.

Find out more

Happy Birthday GDPR!

Yes, that’s right folks, on May 25th of this year our beloved GDPR turns 1 year old! *dries eyes* - they grow up so fast. We all know that GDPR has been a resounding success but we also know that, like all 1 year olds, there's been some teething problems. So let’s take a look back through our photo album of the past year and see how our little trooper has fared over its first year.

Read more

Digital trends that every employer should know

It’s predicted that by 2020, the global workforce would be dominated by millennials and generation X. That means by next year, over 70% of the global workforce will be under the age of 40. A younger workforce presents knock-on effects for the entire business. As an employer, you need to adapt to meet the expectations of this new generation of employees; they’re very different from the workforce that preceded them.

Read more

From the support desk: Can BrightPay be accessed from multiple users on different machines?

BrightPay employer data files can be stored on a shared network drive or cloud drive to be accessed by multiple PCs or Macs. The BrightPay software application must be installed on each individual PC or Mac you wish to use to access the shared location. A single BrightPay licence allows for up to ten installations.

More FAQs | Online Documentation | Video Tutorials

Key issues facing your payroll department in 2019

The CIPP unveiled their latest “Future of Payroll Report” (2019) for the second year running and surprisingly, it’s not a total snoozefest! The report acknowledges that whilst payroll software and technology make things easier, the number of enquiries does not decrease and payroll departments need to be on the ball to be in a position to answer these queries effectively.

Read more

Posted byRachel HynesinCustomer Update


May 2019

28

Digital trends that every employer should know

It’s predicted that by 2020, the global workforce would be dominated by millennials (35%) and generation X (35%). That means by next year, over 70% of the global workforce will be under the age of 40. A younger workforce presents knock-on effects for the entire business. As an employer, you need to adapt to meet the expectations of this new generation of employees; they’re very different from the workforce that preceded them. Having grown up using the internet as second nature, these young employees are true digital natives and have never known a world without it.

Take, for instance, payroll. With payment technologies evolving, millennials have become some of the fastest adopters of mobile and digital payments. Their influence on mobile payroll adoption cannot be ignored. The simple fact is these new generation employees don’t do paper forms. They are increasingly looking for digital options to access payslips and apply for annual leave.

In recent years, employees are using holiday time differently than previous generations, with the average leave duration reduced to just 2.34 days. This alone creates new challenges for payroll and HR managers. Shorter, more frequent bursts of annual leave tend to be requested last minute rather than planned in advance. It is important for employers and HR personnel to be able to quickly review and approve leave requests.

Mobile payroll solutions, such as BrightPay Connect, are an ideal way to improve the efficiency of your business, especially as new generation workers continue to integrate smartphones into every aspect of business operations.

BrightPay Connect benefits include:

  • Request annual leave - An employee opens up their phone or tablet, logs in to the employee self-service app and applies for leave online. The HR manager or employer will be alerted of the leave request and can approve the leave instantly, with the leave automatically flowing back to the payroll software. On the self-service portal, both the employee and the employer can view their number of leave days taken and remaining, along with an employee leave calendar displaying all past and future leave.

  • View payslips and payroll documents - The employee can login to their self-service account to view and download all current and historic payslips and payroll documents such as P60s. For the payroll processor, there is no more printing or emailing payslips. Payslips are automatically added to the employee’s online portal each pay period eliminating employee requests for copies of past payslips.

  • Access everything in one central location - Keep everything in one central place. For employees, there is just one login to view employee documents and a company noticeboard. Employers can upload documents such as employment contracts, staff handbooks, privacy policies, training manuals. The employer can decide whether the employee should have access to view the document or not, using it as a central location for everything to do with each individual employee.

As an employer, adopting these few features favoured by younger workers, along with the additional employer benefits (such as an automatic cloud backup of payroll data and instant access to payroll reports), you are guaranteed to improve the efficiency of your business and payroll processing.

Book a demo today to find out how you can benefit from BrightPay Connect.

Posted byRachel HynesinBrightPay CloudEmployee Self Service


Apr 2019

16

Customer Update: April 2019

Why employees love self-service apps (And you should too!)

As a concept, self-service is nothing new. From paying at the supermarket self-service checkouts to online banking, consumers don’t want to have to wait for assistance if they know they can get it themselves. It’s no different in the workplace. With a self-service system, employees can download payslips, request annual leave, look at policies and HR documents and update personal information - all without once contacting HR personnel.

Read more | BrightPay Self-Service App

NEW: Payroll Journal Direct API Integration with Accounting Packages

BrightPay now includes direct API integration with Sage One, Xero and Quickbooks Online. With this direct integration, users will be able to directly send the payroll journal to the accounting package from within BrightPay. This accounts software integration eliminates the need to export CSV files from the payroll software and import them into the accounting system, saving time and reducing the risk of errors.

Find out more

Payroll Bureaus: The 7 Unmistakeable Benefits of Client Payroll Entry

BrightPay Connect is better than ever before. Bureau customers now have the ability to send requests to clients through BrightPay Connect’s secure portal. Requests can be sent to get client approval of the payroll summary before the payroll is finalised or to ask clients to upload their employees’ timesheets and payments, known as Client Payroll Entry.

Discover the benefits

BrightPay 2019/20 is now available to download - What’s new?

The release includes exciting new features to make your payroll journey easier and less time consuming, including:

  • 2019/20 legislative changes
  • Automatic Enrolment Updates
  • Real Time Information
  • More Flexible Journals
  • Journal API Support 
  • Importing Pay Records from CSV
  • Improved Support for Offset Annual Leave Year
  • CIS Updates
  • BrightPay Connect - Cloud Add-on

See what’s new | Buy now | Download BrightPay 2019/20

Looking for customer support? See if our website can help!

It's currently a busy time for our customer support and phone lines with the 2018/19 tax year coming to an end and the new tax year commencing. We have updated our FAQs to include the top 10 questions that we get asked. You can also search our online support documents before getting in touch. You may get the answer to your query so much more quickly!

Visit FAQs | Visit Online Docs

Payroll Bureaus: The big four: How payroll leapt into the future

In the six years since BrightPay was launched, a new wave of payroll innovation and cloud access has completely remoulded the sector, from onerous, manual input into a low effort, dynamic and automated service offering. Download our free guide for payroll bureaus where we look at four specific areas where cloud innovation is already impacting the future of payroll.

Download guide

Payslips in the cloud is the future for payroll 

When it comes to being GDPR compliant, you might think that you only need to password protect all the payroll reports and payslips. There is nothing in the GDPR legislation that states it is no longer permissible to email payslips, that doesn’t mean you can email payslips without protecting the information you send. There is a strict process that needs to be followed.

Read more

Accountex 2019 - will you be there?

It’s that time of year again where accountants, bookkeepers, practice managers and finance directors are preparing to travel from all over the UK to Accountex. Discover the latest technical tools from over 250 exhibitors that could help you run your practice more efficiently and productively. After winning Payroll Software of the Year 2018 at the Accounting Excellence awards, the BrightPay team are back with a bang this year, our fifth year in a row.

Register for free here

Auto Enrolment Phasing - Part Two

Minimum auto enrolment contribution rates faced further increases on 6th April 2019, with the total minimum contribution rate now at 8%. Employers are now required to contribute a minimum of 3%. Employees need to contribute the remaining 5%. Find out more about the various scenarios that can occur and how to handle them in BrightPay.

Find out more

Posted byRachel HynesinCustomer Update


Apr 2019

11

Why employees love self-service apps (And you should too!)

As a concept, self-service is nothing new. From paying at the supermarket self-service checkouts to online banking, consumers don’t want to have to wait for something if they know they can get it themselves. It’s no different in the workplace.

An employee self-service is the ultimate tool whereby employees can login from anywhere to view their employment and pay related information. With a self-service system, employees can download payslips, request annual leave, look at policies and HR documents and update personal information - all without once contacting HR personnel.

Benefits for Employees

  • Instant Payslips - The employee can login to the employee self-service portal to view and download their most recent payslip, along with all of their historic payslips. Gone are the days of emailing HR chasing lost or past payslips when needed, for example when applying for a mortgage.

  • Annual Leave - Employees can submit leave requests instantly through the employee self-service portal. Once the leave is approved, employees will be notified and the approved leave will automatically appear on the employee’s calendar. Employees can also view their leave balance and leave history through their portal.

  • HR Documents - Access everything in one central place - a single online login gives the employee instant online access to other employment related documents such as employment contracts or company handbooks and policies.

  • Personal Data - With the self-service portal, the employee can view their personal payroll information that the employer has on file. The employee can also amend or update various personal data, including their postal address, contact number, emergency details etc.

  • 24/7 Access - Employees can login to the employee self-service through any web browser at any time - meaning they don’t have to be at their desks to use it. They can login from home or anywhere else with an internet connection. Better yet, employees can access their employee self-service directly from their phones using the BrightPay employee app.

Knock-on Effect for Employers

Today’s employees are accustomed to having information readily available. An employee portal can help fulfil that expectation with the added benefit of creating workflow efficiencies. The employee self-service portal eliminates the burden of sending payslips, updating personal information, approving annual leave requests and answering leave balance enquiries for the payroll department.

Managers and HR personnel will save administrative hours and frustration on a daily basis when no longer faced with working through these monotonous and time-consuming tasks.

The former way of managing employee data is fast becoming outdated. What was once considered normal in the past is no longer considered normal anymore. Today, the new normal is to implement an employee self-service system whereby workflows are streamlined, with added benefits for both employees and employers.

Book a demo today to find out how BrightPay Connect can transform your business.

 

Read more: 10 surprising benefits of an employee self-service system

Posted byRachel HynesinBrightPay CloudEmployee Self Service


Apr 2019

2

Payslips in the cloud are the future for payroll services

When it comes to being GDPR-compliant in a payroll bureau, you might think that you only need to password protect all the payroll reports and payslips. There is nothing in the GDPR legislation that states it is no longer permissible to email payslips, that doesn’t mean you can email payslips without protecting the information you send. There is a strict process that needs to be followed.

If you choose to email payslips, you need to ensure that they are all password protected and sent directly to the employee’s chosen email address. It is very important that a unique password is used for each employee, as using the same password is for all employees could be considered a breach of GDPR. Once they are sent, then the payslips need to be deleted from the server of your payroll software provider.

But sharing the information securely is not the only thing that you need to do to make sure that you are GDPR compliant. Making sure you put all the necessary steps in place to avoid cyber attacks, keeping secure copies of the data in case of theft, fire or damage to the computers and providing employees with a way to easily update the information their employer holds about them are other important GDPR requirements.

Secure portals

Putting a system in place that takes into account all these requirements can be time consuming. Instead, secure portals can simplify the payroll process and offer the most secure environment to protect the employees’ information. Secure portals offer the maximum level of security and compliance with GDPR and make the payroll process much easier since they automate payslip distribution and eliminate the need to email payroll reports each pay period.

Besides the ability to securely send and store payslips and other sensitive payroll documents, self-service portals also have other advantages such as providing employers and employees with an easy way of remotely accessing information. Additionally, self-service portals make it easy for employees to request leave, keep track of their personal information and update it when necessary, and they also keep a secure backup of all the payroll records.

Avoiding cyber threats… and fines!

Self-service portals does not only make GDPR processes much easier, they also eliminate the risk of being fined up to €20 million or 4% of annual turnover of the previous year, whichever is higher. BrightPay Connect automatically backs up payroll data every 15 minutes when the payroll is open, and again when you close down the employer file and all the backups are available to be downloaded and restored if necessary.

This means that the portal always keeps a secure copy of the payroll files in the cloud, protecting the data in case of cyber attacks and making it possible to restore it should something happen to the physical equipment, such as any damage to the computers.

Accurate records

GDPR specifies that individuals have a right to have inaccurate personal data rectified, or completed if necessary. The BrightPay Connect portal makes all the personal data held by their employer visible to the employee, who can easily edit approve leave requests and update contact details for employees.

When the employee information is incomplete or inaccurate, for instance, should their phone number or postal address change, employees can easily update their details from the portal, which they can access 24/7 from any device, such as PCs, Macs, tablets or even their smartphone via the employee smartphone app.

Limited access to data

To be GDPR compliant, all the payslip information should only be available to payroll processors, only when it is strictly necessary for processing the payroll. With BrightPay Connect, users can be set up so that they only have access to the information needed to complete their assigned tasks.

Stay GDPR compliant with BrightPay Connect. Book a demo to find out more.


Mar 2019

28

10 surprising benefits of an employee self-service system

The ability for employees to view and edit their own data is one of the most important advancements of HR in recent years. Providing employees with remote access to view personal information held is also a best practice recommendation of the GDPR. It's obviously true that employees have a lot to gain from a self-service system, such as BrightPay Connect. The option to view and manage their data online provides a source of independence, power and control.

But what about HR personnel, managers and everyone else involved in the payroll and HR process? They benefit too! For administrators, it's a way of delegating the workload that would otherwise be handled solely by them. Implementing an employee self-service system is a way to re-distribute various tasks and bring it to the employee’s level.

The Benefits of an Employee Self-Service

  • Printing & emailing payslips - With some employee self-service systems, such as BrightPay Connect, payroll administrators no longer need to manually print or email payslips to employees. Payslips are automatically available to employees through their self-service portal either on, before or after the payday, as selected by the employer.
  • Responding to payslip requests - It can be very time consuming and monotonous for payroll administrators to respond to employee requests for past or lost payslips. With an employee self-service, the employee can now access their information directly by logging onto their portal where they can view and download historic payslips.
  • Responding to leave balance enquiries - Similar to payslip requests, payroll administrators often get enquiries regarding an employee’s annual leave entitlement remaining. Again, the employee can login to their self-service portal to instantly view their leave balance along with their leave entitlement for the year.
  • Managing annual leave requests - Managing annual leave could be considered a full-time job in itself with the amount of paperwork and administration required. An employee self-service portal will enable employees to request annual leave electronically, with an automatic notification sent to the supervisor or manager to approve or decline the leave request. Once approved, leave will be automatically added to the employee and employer calendars, and will also synchronise back to the payroll software on the payroll administrators desktop, streamlining the entire annual leave process.
  • Updating employee contact information - No longer does the HR personnel need to collect or change employee details. Instead, the responsibility is fully with the employee to ensure that their personal details are updated and correct at all times.

On the surface, an employee self-service system seems designed simply to relieve a bit of pressure on your HR department. But the benefits to the business go much deeper than that. Some employee self-service systems also have the following benefits:

  • Reduce errors - Entry errors and other mistakes may be avoided by allowing employees to enter their own personal information. By eliminating the need for double entry and allowing employees to evaluate their own information, the chances of inaccurate information may be greatly decreased.
  • Reduce sick days - Some businesses have noticed a reduction in sick days since implementing employee self-service systems. As sick days are much more visible on screen to both employees and their managers, this likely acts as an incentive to keep sick days to a minimum.
  • Cut costs - The administrative cost of processing leave or printing out payslips should not be underestimated.
  • Reduce paper - The ability for employees to access payslips and other documents online can be a time and money saver. By replacing paper documents, you are also reducing your impact on the environment.
  • Keep staff up-to-date - An employee self-service system can allow you to notify employees of policy changes or company-wide announcements. Employees don’t need to access their email to view changes - they can simply login to their self-service employee app wherever they are to stay abreast of any legislative or company-wide changes that may affect them. The employer can then track which employees have viewed the notice, resource or document.

If your HR and payroll administrators spend a lot of time printing payslips, managing annual leave or responding to employee requests, consider how an employee self-service system could help your business.

When implemented successfully, a company may see immediate increases in productivity and efficiency. Managers and HR personnel will save labour hours and frustration on a daily basis, and instead have more time to concentrate on more important tasks.

Book a demo today to find out how BrightPay Connect can transform your business.

Posted byRachel HynesinBrightPay CloudEmployee Self Service


Mar 2019

14

Customer Update: March 2019

Big changes are happening to payslips in 2019 - are you ready for them?

Every new year brings with it a host of changes and 2019 is no different. Here’s a quick recap of the two most important changes that have happened/are yet to happen to our lovely payslips in the 2019/20 tax year.

Find out more

BrightPay 2019/20 is now available to pre-order

BrightPay 2019/20 and BrightPay Connect are now available to pre-order. BrightPay 2019/20 is scheduled for release week ending 22nd March. We will send you an email once BrightPay 2019/20 is released and ready to download. All customers will also receive a full list of new features when BrightPay 2019/20 is released.

Pre-order BrightPay 2019/20 here

Thinking about switching to BrightPay? Book a demo today

BrightPay won Payroll Software of the Year 2018 at the Accounting Excellence awards. With a 99% customer satisfaction rate, our products are used to process the payroll for over 200,000 businesses across the UK and Ireland.

“BrightPay is so much better than the software that we used previously. I get my work done much faster, and it is just so easy to use.” - Simon Gledhill, Gerard Tool & Die Limited 

Book a demo | 60 day free trial | More testimonials

Auto Enrolment Phasing - The Second Coming

Under automatic enrolment, minimum pension contributions are required to increase over time. The first increase took place last April at the start of the 2018/19 tax year. The second increase will take place on 6th April 2019, with the total minimum contribution rate increasing to 8%, representing a 3% employer and 5% employee contribution. These increases are seamlessly handled by BrightPay 2019/20.

Read more

A Quick Recap: What's new in BrightPay 2019/20

With the 2019/20 tax year fast approaching, this 60 minute webinar will cover the main legislative changes coming into effect and how they will be handled in BrightPay 2019/20, as well as the new functionality we will be introducing into the software. We will also look at a quick introduction to the BrightPay Connect add-on product.

Book your place here

BrightPay Connect’s Employee SmartPhone App

BrightPay’s employee self-service smartphone and tablet app is available with our BrightPay Connect add-on. Employee mobile apps offer many benefits for employers, employees, and the business as a whole. The user-friendly portal will streamline payroll processing while reducing the number of payroll queries from employees.

Read more | Book a BrightPay Connect demo

EU Settlement Scheme: What employers can do to help their EU employees

The UK is due to leave the European Union on the 29th of March 2019. There are thousands upon thousands of EU citizens currently employed by British companies that will end up being illegal workers if they do not apply for settled status by the deadline. You as the employer, have an obligation to prepare them for this and make sure that your house is in order.

Read more

Bureaus: The benefits of an online payroll approval facility

A time consuming part of payroll is requesting and receiving employee hours and timesheets from your payroll clients. Today, managing and tracking this information is much easier thanks to online tools and applications. Ultimately, your client becomes accountable for ensuring the payroll information is 100% correct before the payroll is finalised.

Read more | Book a BrightPay Connect demo

Bureaus: Keeping your clients payroll data secure to avoid data breaches & fines

Security is extremely important in payroll bureaus. After all, you are handling the personal and financial data of your clients and your client’s employees, which puts you at risk of data breaches and cyber attacks. In order to comply with the current GDPR legislation, you also need to follow a strict process when processing the payroll data, and make sure that your system meets the GDPR regulation standards.

Read more

Posted byRachel HynesinCustomer Update


Mar 2019

11

Auto Enrolment Phasing - The Second Coming

Ten million people have joined workplace pension schemes since auto enrolment began in 2012. The scheme faced its first major test in April, when the total minimum pension contributions increased from 2% to 5%.

Under automatic enrolment, minimum pension contributions are required to increase over time. This happens on set dates - the 6th of April 2018 and the 6th of April 2019 - and is a key feature of automatic enrolment. By law, a total minimum amount of contributions must be paid into a pension scheme. The employer must make at least the minimum employer contribution towards this amount and employees must make up the difference. It is an employer’s responsibility to make sure these increases are implemented.

In 2019, the minimum contribution levels will rise again on the 6th of April, with the employer paying a minimum of 3% of qualifying earnings towards the pension. Staff members will have to make up whatever shortfall remains of the new total minimum contribution up to 8%, including the employer's contribution. These increases should be seamlessly handled by payroll software.

Date effective Employer minimum
contribution
Staff contribution Total contribution
Before 6th April 2018 1% 1% 2%
6th April 2018 to 5th April 2019 2% 3% 5%
6th April 2019 onwards 3% 5% 8%

 

If a member does not wish to pay the increased contributions due, they can choose to opt-out of the pension scheme, or they may be allowed to remain at the lower contribution rate after the increase. This will mean they continue to be a member of the scheme, but as contributions are below the minimum level required by law, the scheme will not be a qualifying auto enrolment pension scheme.

Opt-outs as a result of Phasing

Since April 2018, many pension providers have said that they have seen very little impact on opt-out rates as a result of the higher contributions. In the two months after the April 2018 increase, the opt-out rate rose by approx. 0.2% to 8.2%. In a survey of nearly 350 employers, 88% said that the increase in minimum auto enrolment contribution rates in April 2018 had not reduced scheme participation. Prior to the increases, there were fears of a bigger spike, with the Department for Work and Pensions (DWP) projecting opt-out rates as high as 28%.

There was also a very low percentage of workers who opted to reduce their contribution rate to the previous 1% contribution level. One employer with 30,000 workers enrolled had just 40 employees choosing to remain at the lower amounts.

Steve Webb from Royal London said: “We have seen very little impact of April’s rise in contributions. The rise coincided with the annual boost to tax thresholds, some annual pay rises and an increase in the living wage, all of which will have cushioned the rise in contributions. Inertia also remains a powerful force and will continue to be so as long as contributions remain at relatively modest levels.”

Employers are predicting that opt-out rates will remain low as auto enrolment contribution rates are set for another increase this year.

Click here for more information about phasing / increases to minimum contributions.

Posted byRachel HynesinAuto Enrolment


Mar 2019

4

BrightPay 2019/20 is now available to pre-order

BrightPay 2019/20 and BrightPay Connect are now available to pre-order. BrightPay 2019/20 is scheduled for release week ending 22nd March. We will send you an email once BrightPay 2019/20 is released and ready to download. All customers will also receive a full list of new features when BrightPay 2019/20 is released.

Pre-order BrightPay 2019/20 Here

Important information for all customers - BrightPay’s pricing structure is changing

We introduced the initial version of BrightPay over seven years ago. Since then, we’ve added hundreds of powerful features and enhancements, with many more planned for the future. We have invested a considerable amount in technology and resources and we intend to continue our program of development into the future.

To enable this ongoing level of investment, we are increasing our pricing from 2019/20 onwards in order to continue to provide you with the best payroll software in the UK.

View BrightPay 2019/20 Pricing

We believe our pricing remains excellent value and continues to be very competitive when compared to the options from other providers. We will continue to offer full support at no extra cost.

For customers with three or less employees (who have been using our ‘Free’ version to date), BrightPay will cost just £49 (plus VAT) per year from April 2019, and will include full unrestricted functionality as well as free telephone and email support.

What do you need to do now?

Nothing, your BrightPay 2018/19 licence will continue to work as normal until the end of the tax year without any additional cost. Pre-order BrightPay 2019/20 today and we will email you when the software is available to download.

We’d like to thank you for being a valued customer and for your continued support.