A pension refund may be required for employees who have opted out of the company pension following re-enrolment. To refund a salary sacrifice pension, follow the steps under the relevant section below.
Multiple EE's pay element
If your employee's salary sacrifice deduction pay element is a multiple, you will need to create a new pay element to action the refund. To do this, follow the steps below.
Create a pay element
Create a new pay element, matching the current EE's element.
Don't select the Multiple checkbox.
Assign the refund pay element to the employee.
Exclude the deduction pay element.
Process the refund
Click Process Pay, and then click Amend Period Pay.
Find and select the required employee.
Click Edit, under deductions, click Insert New Record.
Click the Pay Element drop-down, and click the refund element.
Enter the refund value into the rate field.
Ensure the quantity is '-1.00'.
Click Save.
No multiple EE's pay element
If your salary sacrifice pay elements are a fixed deduction, the refunds can be made using the same pay element. To do this, follow the steps below.
Click Process Pay, and then click Amend Period Pay.
Find and select the required employee.
Click Edit.
Change the rate and quantity as required for the salary sacrifice pay element.
Click Save.