Select the Pay Frequency from the PayRun drop down menu. Select the Pay Period to be processed. The default Processing Date will always be determined by the current calendar date. To enter the pension deduction, click on the Enter link in the Deduction and Pension column for the employee concerned. Select the required pension type to be assigned to the employee (Stake Holder Pension Scheme) from the drop down list and then click on the Add New Scheme button.
Please note, once applied the pension deductions will automatically recur as appropriate in each pay run. This means that whenever the pay is run for this employee, the pension deductions will be implemented subject to the conditions of the pension scheme, as detailed in the set up i.e. deductions will be made if the employee's wage is sufficient to cover the contributions, etc.
On the Add New Pension Scheme screen, select the pension scheme that applies to your chosen employee. If the scheme you require is not shown in the list, you can create one by clicking on the Pension Scheme option under Employer/Setup in the tasking zone. Enter the scheme joined date, left date and pension references. Enter the Last Change Date and next change date.
Enter the employee and employer pension contribution amount / value / percentage in the respective sections. Set the status of the pension scheme and click on the Save button to save the details entered. The pension scheme is now added and will be deducted from your employee's pay every month.
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Road Map - To Enter the Pension Deduction PayRun -> Weekly / Monthly / 2 Weekly / 4 Weekly / Quarterly / Annual / Bi-annual -> Deduction and Pension -> Enter Link -> D2. Pension Deduction -> Add New Scheme button -> Save button ( 'PayRun' is the button positioned in the tasking zone menu at the top. It is the fourth button from the left) |
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Road Map - To Add a Pension Scheme Employer / Setup -> Pension Schemes Settings -> Usual Pension Setup -> Stakeholder Pension Schemes -> Add New Pension Scheme button -> Save button ( 'Employer / Setup' is the button positioned in the tasking zone menu at the top. It is the first button from the left) |