You should now have finalized calculations of member account balances and conversion to a pension or transition to pension account.
You are now able to enter details of pension payments to this Member through the ADD NEW PAYMENT function on the EXPENSES tab.
Click the ADD NEW PAYMENT button and select the account the Payment is made on behalf of (in our example, Mick Jones TTR)
Enter the date of payment. Select the bank account from which the payment is to be made. Enter a description and the amount.
Click ADD PAYMENT to save the transaction.
If you usually use BANK DATA FEEDS to enter payments, you can simply allocate the payment to Mick Jones’s TTR account from the next data feed after it the pension is paid.