The employees who do not have a qualifying earnings have an option of joining into a pension scheme. In our application you can set your pension deduction based on three different earning basis listed below:
- Qualifying Earning (QE): Pension deduction starts only when the employee’s earns over £6,240 (for 2023-24) a year.
- All pensionable earning: The worker's total earnings is considered to calculate the pension contribution. Pension deduction starts immediately.
- Custom: You can set up your own earning limits to calculate the pension contribution.
Please follow the steps below.
Step 1: Go to the Pension Menu in the tasking Zone and Select the Submenu "Auto Enrolment pension (AE) setup".
Step 2: Choose the pension provider.
Step 3: Click on the “Additional AE Pension settings” link.
Step 4: Now click on the View/Edit link under “Action”.
Step 5: Further click on edit button in Auto Enrolment pension setup page.
Step 6: Now choose any of the earning basis under employee contribution.
Pension -> Auto Enrolment pension(AE) setup-> Choose pension provider -> Additional AE Pension settings ->View/Edit link under Action -> Edit-> Earning basis under employee contribution.
( 'Pension' is the button positioned in the tasking zone menu at the top. It is the third button from the right)