Setup Considerations: MyFutureFund Auto-Enrolment Pensions (IRL)
You can use this topic to help make decisions when planning your configuration and use of MyFutureFund Auto-Enrolment Pensions. It explains:
- Why to set it up.
- How it fits into the rest of Workday.
- Downstream impacts and cross-product interactions.
- Security requirements and business process configurations.
- Questions and limitations to consider before implementation.
Refer to detailed task instructions for full configuration details.
What It Is
Workday enables you to process employee and employer contributions to the national MyFutureFund auto-enrolment pensions scheme.
Business Benefits
Workday:
- Helps you remain compliant with the auto-enrolment pension system.
- Automates the process of receiving, matching, and submitting MyFutureFund data to the National Automatic Enrolment Retirement Savings Authority (NAERSA), reducing administrative burden and the potential for manual errors.
- Calculates contributions as part of your payroll calculation.
- Sends notifications to workers when their enrolment status changes. Example: When a worker is enrolled or opted out of contributions.
Use Cases
Payroll administrators can:
- Configure integrations to manage Automatic Enrolment Payroll Notification (AEPN) contribution submissions to NAERSA.
- Manually enter contribution details for a worker, if necessary.
- Process MyFutureFund deductions for on-cycle and off-cycle payroll runs.
- Manage arrears for workers with insufficient net pay to meet the required contribution.
- View a worker's updated and historical MyFutureFund contribution information on the tax details tab of the worker profile.
Workers can:
- Receive notifications from Workday about enrolment status changes.
- View their MyFutureFund contributions on their tax details tabs and payslips.
Questions to Consider
Questions | Considerations |
|---|---|
How can I use integrations to share AEPN data with NAERSA? | Workday uses the same business processes and integrations to help you manage both Revenue and NAERSA notifications and submissions.
Workday requests Revenue and NAERSA notifications simultaneously. Don't submit payroll data to Revenue and NAERSA at the same time. |
What deduction priority order applies to AEPN contributions? | When a worker has Local Property Tax (LPT) deductions through payroll, Workday deducts the employee's MyFutureFund contributions before the LPT deduction. |
How can you process contribution arrears when a worker had insufficient net pay in a previous pay period? | When a worker has insufficient net pay for Workday to deduct all or part of the employee contribution, we automatically cap the deduction at the net pay amount and report the shortfall to NAERSA using the code INPA .
Workday then uses the IRL PEN AE Pay Adjustment deduction to recoup the shortfall automatically in a subsequent pay period. Workday only partially recoups shortfall amounts if the worker's net pay is insufficient to cover the full amount.You can configure the Payroll Register and use the Pay Calculation Results - Deduction Register report to view all workers with the IRL PEN AE Pay Adjustment deduction for a selected period and pay group or pay run group. See Setup Considerations: Payroll Register.You can report pay adjustments to NAERSA on the MyFutureFund employer portal using the code PAADJ . |
How does Workday handle MyFutureFund contributions for retro hires and terminations? | When you retroactively hire a worker, Workday brings the retro pay details into their current on-cycle pay and calculates the MyFutureFund employee and employer contributions based on the worker's gross income for that pay period.
When you retroactively terminate a worker, Workday doesn't recalculate any change to the contributions, but does bring forward any differences and reports them to NAERSA. |
What do you need to do to submit data to NAERSA when an agent manages your company's payroll submissions? | Workday stores your agent's Tax Agent Identification Number (TAIN) on the View IRL Employer Registration Number task. We include the TAIN when you run your company integrations with NAERSA.
|
Recommendations
- MyFutureFund contributions are calculated based on the employee's gross pay, as defined by Revenue, using the most recent AEPN data with an effective date before or on the payment date. Run theRun IRL Incoming Notificationstask as close as possible to when you finalize payroll to ensure that the contribution rates are current and accurate.
- We recommend that you run theRun IRL Payroll Submissiontask separately for Revenue and NAERSA submissions. Don't select both theSubmit to RevenueandSubmit to NAERSAcheck boxes at the same time.
Requirements
To submit AEPN data, the
Integration
step on the IRL Payroll Submission
business process must contain the Submit to NAERSA is true
condition step.Limitations
- Workday doesn't support these NAERSA APIs on the integration template you use to create an integration with Revenue and NAERSA:
- contributions/checkstatus
- contributions/errordetails
- contributions/recondetails
- contributions/reconsummary
- Workday doesn't support correcting or deleting AEPN data. You must make these changes directly on the MyFutureFund employer portal.
- Workday doesn't support removing a worker's termination date. You must do this on the MyFutureFund portal.
- Workday doesn't report pay adjustments to NAERSA. You need to log on to the MyFutureFund portal and record each pay adjustment.
Tenant Setup
No impact.
Security
Domains | Considerations |
|---|---|
These domains in the Integration functional area:
| Enable you to create and configure integration systems using these integration templates:
|
The Worker Data: Payroll (Company Specific) - IRL domain in the IRL Payroll functional area | Enables you to use the Add Worker IRL AEPN Details task to add auto-enrolment pension details for a worker manually. |
Business Processes
Business Processes | Considerations |
|---|---|
IRL Incoming Notification
| Enables you to receive MyFutureFund contribution data from NAERSA. |
IRL Payroll Submission
| Enables you to submit AEPN data to NAERSA. |
Reporting
Reports | Considerations |
|---|---|
Pay Calculation Results - Deduction Register
| Use for the IRL PEN AE Pay Adjustment deduction to identify workers with pay adjustments to their MyFutureFund contributions for a selected period and pay group or pay run group. You can use the results to update the workers' details on the MyFutureFund portal. |
View IRL Incoming Notification
| Use to view matched and unmatched AEPN details for workers. |
View IRL Payroll Submission
| View and preview payroll data for submission to NAERSA. |
Integrations
Integration Templates | Considerations |
|---|---|
IRL RPN Incoming Notification
| Use to create an integration to receive matched and unmatched AEPNs for workers. |
IRL Revenue Payroll Submission
| Use to create an integration to submit MyFutureFund contribution data to NAERSA. |
Connections and Touchpoints
Workday offers a Touchpoints Kit with resources to help you understand configuration relationships in your tenant. Learn more about the Workday Touchpoints Kit on Workday Community.