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This page allows employee pensions to be entered on schemes that have been set up on the Company Pension Schemes page. It also allows the updating of key pension related information to comply with Auto Enrolment legislation.
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- Scheme: The pension scheme (set up on the Company Pension Schemes page).
- Membership: The unique pension membership number.
- Joining Date: The date the employee started the scheme.**
- Leaving date: The date the employee left or cancelled the scheme.**
- SCON Code: Read-only.
- Net Pay Scheme: Indicates that this is a net pay scheme. Read-only.
- Net of BR Tax: Indicates that this is a net of BR tax scheme. Read-only.
- AVC: Indicates that this is an AVC scheme. Read-only.
- Basic Scheme: Indicates that the schemes follows the legislation for the minmum pension the company can offer eligible job holders. Read-only.
- Override Contribs: Where a Basic scheme is selected deductions will be between the lower earnings threshold and the upper threshold at the rate laid out in legislation. However ticking this box allows the user to take deductions between the thresholds but at higher rates.
- Employee Value: The employee's payment value.*
- Employer Value: The employer's payment value.*
- Employee Percent: The employee's payment percent.*
- Employer Percent: The employer's payment percent.*
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