We have added an option to send data to the Smart Pension API. This means if you use our system for payroll and Smart Pension for your auto enrolment pension, you can transfer information across by pushing a button on our site.
For anyone unfamiliar with the term, API stands for Application Programming Interface, which makes as much sense to most people as Aubergines, Peppers and Icebergs. For the uninitiated, this type of API is just a mechanism for transferring data from one system to another. One system offers an API and another uses it to send and receive data. In this case, Smart Pension offers an API and we use it for sending data about employees and their pension contributions, when a customer chooses that option.
Like vegetables grown in southern Europe, pension companies offering APIs are scarce at the moment. This may change soon as pension providers invest in making life easier for their small business customers.
There are now 11 pensions on The Pensions Regulator’s list of relevant schemes for small employers. Of those, only NEST and Smart Pension currently offer a direct API for payroll systems, although some others offer an indirect option via PensionSync.
In the world of cloud accounting systems, APIs are plentiful. We already use these to send data to Xero, QuickBooks Online, KashFlow and QuickFile. These APIs are part of what creates the illusion of a single cloud containing all of the cloud companies. There isn’t really one thing called the cloud – there are lots of separate systems that send data to each other via APIs.
You can read about how to use our new feature in our Smart Pension Guide.