Record of Additional Pension Contributions
Use the Calculation Cards task to record an employee’s additional pension contributions:
Open the employee’s Benefits and Pensions card.
Create additional contribution types by adding components for any elements created
previously.
Note: There is no validation between the parent scheme and the additional
contribution types selected on the card. It is a user responsibility to configure
valid combinations of additional contribution elements and the main pension scheme
with which they are associated.
FIELD | DESCRIPTION |
---|---|
Partial Deduction Allowed | Specify whether partial deduction is allowed or not for this employee. |
Payee | List of third-party payees created as pension providers. |
Additional Pension Employee Contribution | Enter a percent or flat amount as determined by the element template setup. |
Additional Pension Employer Contribution | Enter a percent or flat amount as determined by the template setup. |
Reference Number | Allows you to record a reference number that may be provided by the third-party pension provider. Note: This is different to the Pension Payroll ID |