The Payments Platform is dedicated to taxable payments for annuities and pensions. The solution provides a full, end-to-end platform that takes a feed from your administration system(s), verifies and checks the input data, calculates the tax and creates the appropriate files for ledgers and reporting. It also automates RTI tax payments.
Our Payments Platform can deal with multiple service companies and schemes. The system provides a web-based user interface with strict data access controls, audit and security.
The system can be used to administer:
The payment module has been built with volume and performance in mind, as well as allowing you to control the process. Pipeline processing allows for the efficient processing of payment runs, even where rogue or incomplete data is loaded into data batches. The system identifies these data and suspends individual payments against these records only, meaning that correct records in the batches are processed and paid whilst incorrect records are not paid.
The system allows you to:
If you would like further information about the Payments Platform or to arrange a demo, please complete the form below.
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