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.
- Automatically calculates contributions as part of your payroll calculation.
- Automates notifications to workers when their enrolment status changes. Example: When a worker is enrolled or opted out of contributions.
Use Cases
Payroll administrators can:
- Manually enter AEPN contribution details for a worker when the NAERSA endpoint isn't available and you need to run payroll.
- Process MyFutureFund deductions for on-cycle and off-cycle payroll runs.
- Manage arrears for workers with insufficient net pay to meet the required contribution.
Questions to Consider
Questions | Considerations |
|---|---|
Do you want to use integrations to share AEPN data with NAERSA? | You can use the same integrations and business processes to help 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 deductions do you make in addition to MyFutureFund contributions? | When a worker has Local Property Tax (LPT) deductions through payroll, Workday deducts the employee's MyFutureFund contributions before the LPT deduction. |
Do you need to process contribution arrears for workers with 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 . |
Do you need to account for MyFutureFund contributions in retro hires and terminations? | When you retroactively hire a worker, Workday accounts for retro pay details in 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 registers any differences and reports them to NAERSA. |
Do you use an agent to manage your company's payroll? | 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
- Run theRun IRL Incoming Notificationstask as close as possible to when you finalize payroll to ensure that the contribution rates are current and accurate.
- To ensure your submissions send correctly, 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, you must include the
Submit to NAERSA is true
condition step on the Integration
step of the IRL Payroll Submission
business process.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
- When you correct or delete AEPN data in Workday, we don't update the data in the submission to NAERSA.
- When you terminate a worker in Workday, we don't update the data in the submission to NAERSA.
- You can't report pay adjustments to NAERSA in Workday. You must 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
| Select the IRL PEN AE Pay Adjustment deduction to view 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
| 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 Revenue Payroll Submission
| Enables you to create an integration to submit MyFutureFund contribution data to NAERSA. |
| Enables you to verify your payroll results and AEPN submissions have been processed by Revenue and NAERSA. |
IRL RPN Incoming Notification
| Enables you to receive matched and unmatched AEPNs for workers. |
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.