Smart Pension - Now I have signed up, what next?

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If you have signed up for the Smart Pension Master Trust there are a few things that you need to make sure to do. 

  1. Sign the participation agreement.

  2. Set up your Direct Debit. 

  3. Check the ‘to do list’ on your dashboard and complete any outstanding tasks.

  4. Submit your declaration of compliance to The Pensions Regulator. 

How do I pay my contributions?

There are four ways to upload your contributions to Smart Pension. They are –

  • API direct integration – click a button to send your payroll data direct
  • API middleware – use a third-party tool to connect with Smart Pension
  • PAPDIS – export a file and upload it 
  • Excel/CSV files – download and fill in a simple template and upload it

Smart Pension has different levels of integration with over 40 payroll providers, you can find them here

How will my employees find out about their pension?

  • When you automatically enrol an employee, they become a member of your workplace pension   scheme. Smart Pension’s platform sends key communications with information so that members can activate their account, check their details and easily complete their expression of wish form; This form lets the member nominate who they would like to receive any scheme benefits payable on death. 

  • They also provide a simple two-page annual statement so that members can easily see how much they’ve saved so far, how much you’ve contributed to their savings and an estimation of how much their savings will be worth when they retire. 

Where can I get help?

Barclays Business Banking has partnered with Smart Pension, which means customers can easily set up their workplace pension in a few simple steps. Visit our website to sign up, set up your employer account with Smart Pension, and add your employees. There is also information on The Pension Regulator’s or you can speak to an independent financial adviser.

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