Check your pension scheme meets the minimum contribution rates

1. On the Company navigation bar, click Pension Schemes.
2. Click the required scheme then click Edit.
3. Check that the contributions meet the minimum rates in the Employee and Employer tabs.

   The total minimum contribution is 8.00, at least 3.00 of this must come from the employer. However, the employer can contribute more if they choose to. For example the employer can contribute 8.00 and the employee 0.00.

4. Click OK.

    

Check your employees' contributions meet the new minimum rates

1. On the Employee List, click the required employees.
2. On the Employee navigation bar, click Employee Record.
3. Click the Pensions tab then click Manage Schemes.
4. Click the required scheme then click Edit.
5. Ensure that the Employee Contributions and Employer Contributions meet the minimum rates.

   The total minimum contribution is 8.00, at least 3.00 of this must come from the employer. However, the employer can contribute more if they choose to. For example the employer can contribute 8.00 and the employee 0.00.

6. Click OK then click Save then click Close.

The Pensions Module

If you have the Pensions Module, it automatically performs a check to make sure that the contributions are correct.

Not using the Pensions Module? If you'd like to know more, leave your details and we'll get in touch.

 

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