Account Properties for Pension Accounts

With this add-on back office administrators can work with pension accounts involving account properties like first payment age, payment interval etc.

Navigate to System Data > Account Types to specify which account types should have pension account properties.  

Click Edit in the action menu on the specific account type and mark the check box Pension Account. Click Confirm to save. 

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 choosing Edit in the action menu at the specific account. 

Navigate to the tab Pensions to add the account properties.



First Payment AgeThe age when the first payment should start.
First date of payoutThe 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
Exectued Payouts

Number of payouts that has been processed

Remaining PayoutsRemaining number of payouts

The properties can also be changed or added through the API via an external app. Back office administrators will then easily receive information about the customer's payments by clicking the information button on the account.