To process pension contributions in Access Payroll, as part of your automatic enrolment duties, you need to create a pension pay element. To do this, follow the steps below.
Pay element creation
Click System, and then click Pay Elements.
Click New, enter a pay element code.
Click the Type drop-down, and click Deductions.
Enter a quantity of '1.00', and then select the Pension checkbox.
📌Note: Check with your pension provider to see if the scheme requires PAYE to be selected.
Continue the steps under the required section below.
Fixed pension contribution
A fixed-rate pension is a manually entered static deduction each period. To do this, follow the steps below.
Click the Pension tab, and click the Pension Provider Format drop-down.
Click the pension provider being used.
If required, click the Scheme Type drop-down, and click the required scheme.
To be included in auto-enrolment, select the Qualifying Pension checkbox.
Enter the fixed value for Employee and Employer contributions.
📌Note: If it is a relief at source pension, select the checkbox, Employee pays net of Basic Rate tax.
Click Save.
Percentage-based pension
Known in Access Payroll as a multiple pension, this will calculate a percentage of the employee's eligible earnings each period. To do this, follow the steps below.
Select the Multiple checkbox.
Click Save, then click Yes.
Find and select the pension pay element, then click Edit.
Click the Multiple tab.
Select the Include in Multiple checkbox for each pay element required.
Click the Pension tab, and click the Pension Provider Format drop-down.
Click the pension provider being used.
If required, click the Scheme Type drop-down and click the required scheme.
To be included in auto-enrolment, select the Qualifying Pension checkbox.
Enter the pension percentage for Employee and Employer contributions.
📌Note: If it is a relief at source pension, select the checkbox, Employee pays net of Basic Rate tax.
Click Save.
Additional Voluntary Contributions (AVC)
Click the Pension tab, and click the Pension Provider Format drop-down.
Click the pension provider being used.
If required, click the Scheme Type drop-down and click the required scheme.
Deselect the Qualifying Pension checkbox.
Select the Additional Voluntary/One-Off Contributions (AVCs) checkbox.
Enter the fixed value for Employee and Employer contributions.
Click Save.