Altus Pensions Gateway Pension Payments
Specifically designed to cater for pension freedoms, APG offers dedicated support for all types of pension and annuity payments, multiple payroll cycles and supports flexible payroll frequency across a wide range of product types, employers and administration functions.
APG provides detailed tax workings and calculations and supports flexible processing for pre- and post-tax deductions. Pensions and annuity administrators get a clear view of all payments and tax across all customers and employees and have a full audit trail of transactions and calculations.
Thanks to its ‘What If’ calculator, APG automatically works out the tax implications of a pension payment, using the member’s up-to-date tax and payments data.
APG provides fully automated support for RTI reporting, HMRC data updates and FPS submissions. APG can be used for full pension capability, or for HMRC only.
“The difference that APG has made to our payroll process is huge; two days of effort has been reduced to 20 minutes.
The added benefit is that we can now feel completely confident that each and every client has been taxed correctly.”