Membership Period Details
Enables you to create and maintain membership periods for existing members as well as access other membership recording facilities such as scheme and transfer details.
A member may have several membership periods if they leave and rejoin a scheme or if they have membership of several different pension schemes at the same time. In addition, an employee can be a member of more than one scheme simultaneously, with possibly a different pension status for each.
A membership period spans the time a member joins a scheme and lasts until the scheme ceases to have a liability towards them. This occurs, for example, if the member takes a refund of contributions, transfers to another scheme or dies.
When creating a new member, you must set up a membership period immediately after recording personal details. You cannot complete the Member Details screen until a membership period has been set up.
General
Membership Period Start Date
Enter the date membership of the scheme begins.
Membership Period End Date
The end date, in many instances, is completed automatically.
The date is entered automatically when a ‘benefits taken update’ is run, which leads to a status movement against which a membership period closure indicator is set by your system administrator (see Maintain Pension Status). This would normally have been set up for a status change where all liabilities relating to the membership period end. For example, a refund of contributions, a transfer to another fund or the death of a member.
You can enter an end date manually, if required.
When an end date is entered, it is automatically added to the last open status period to close it.
Scheme Detail
Click WINDOW to display Maintain Scheme Details (window), where you define a scheme for the membership period.
Transfer Detail
Where a member is transferring pension benefits from a previous scheme into their current scheme, click WINDOW to display Select Transfer in Detail to record these details
Note: You cannot set up transfer details until you have created a set of scheme details so these must be added using Maintain Scheme Details.
Notes
Click window to display Maintain Note Detail, where you can enter any notes or comments you want to record.
Additional
Click EXPAND to display the following fields:
User Flds
Inland Revenue Regime
MD606S1