With this add-on back office administrators can work with pension accounts involving account properties like first payment age, payment interval etc.
In our example have we enabled Pension account properties at accounts of the type IPS Account.
We can now add pension account properties to an account of the type IPS Account. We can either add the properties when creating the account or by choose Edit choosing Edit in the action menu at the specific account.
Navigate to the tab Pensions to add the account properties.
|First Payment Age||The age when the first payment should start.|
|First date of payout||The first date for payout.|
|Interval for payouts||In which interval will the money be paid out. Monthly (1), Quarterly (3) or Annually (12)|
|Number of payouts||Number of total payouts|
Number of payouts that has been processed
|Remaining Payouts||Remaining number of payouts|