Calculation Value Definitions
The calculation value definitions are predefined to store the salary bands and corresponding rates.
CALCULATION VALUE DEFINITION NAME | VALUE DEFINITION GROUP | FURTHER INFORMATION |
---|---|---|
Civil Service Employee Pension Rates | Public Sector Pension rates | N/A |
Civil Service Employer Pension ASLC Rates | Public Sector Pension rates | N/A |
Civil Service Employer Pension Partnership Rates | Public Sector Pension rates | N/A |
<Element name> Pension Basic Tax Rate | Public Sector Pension rates |
Generated on creation of a Partnership scheme |
<Element name> Employer Mini ASLC Percentage | Contribution Rules |
Generated on creation of a Partnership scheme |
Update Calculation Value Definitions
- Use the Calculation Value Definitions task, and search for the three value definitions prefixed with Civil Service (or element name, for the contribution rules value definitions):
- Select the Value Definition and enter the calculation values.
- Enter the current rates for each of the predefined value definitions. (The
following tables are examples from 2020.)
Civil Service Employee Pension Rates
START DATE END DATE LOW £ HIGH £ RATE CALCULATION TYPE 01-Apr-2020 N/A 0 22600 4.6% Flat Amount 01-Apr-2020 N/A 22601 54900 5.45% Flat Amount 01-Apr-2020 N/A 54901 150000 7.35% Flat Amount 01-Apr-2020 N/A 150001 N/A 8.05% Flat Amount Civil Service Employer Pension ASLC Rates
START DATE END DATE LOW £ HIGH £ RATE CALCULATION TYPE 01-Apr-2020 N/A 0 23000 26.6% Flat Amount 01-Apr-2020 N/A 23001 45500 27.1% Flat Amount 01-Apr-2020 N/A 45501 77000 27.9% Flat Amount 01-Apr-2020 N/A 77001 999999999 30.3% Flat Amount Civil Service Pension Partnership Rates
START DATE END DATE LOW £ HIGH £ RATE CALCULATION TYPE 01-Apr-2015 N/A 0 30 8% Flat Amount 01-Apr-2015 N/A 31 35 9% Flat Amount 01-Apr-2015 N/A 36 40 11% Flat Amount 01-Apr-2015 N/A 41 45 13.5% Flat Amount 01-Apr-2015 N/A 46 99 14.75% Flat Amount <Element Name> Pension Basic Tax Rate
START DATE END DATE LOW £ HIGH £ RATE CALCULATION TYPE 01-Apr-2015 N/A 0 9999999999 0.2 Flat Rate <Element Name> Employer Mini ASLC Percentage
START DATE END DATE LOW £ HIGH £ RATE CALCULATION TYPE 01-Apr-2015 N/A 0 9999999999 0.5 Flat Rate Note: The values are effective as of the dates shown. To recalculate pension contributions prior to the current year, you must enter the historical rates.If required, update these tables every pension year to ensure the salary bands and percentages are in accordance with legislative changes. When entering the new pension year rows end date the old rows to 31 March YYYY, and the new rows should be effective from 01 April YYYY. This table holds the salary band and the corresponding pension percentage to be applied for the year of pension.