Update the percentages

CAUTION: We strongly recommend that you contact your pension provider before you amend the contribution rates and send pension data, to inform them of the rates you want to pay. This ensures that your pension provider knows what contribution rates to expect when you send your pension data to them. 

There are prompts in Sage 50 Payroll to update the percentages. You're prompted to update the changes now or later when you access the Enter Payments or Pre-update Reports options. When you access the Pension Assessment or Update Records options, you're prompted to update the percentages before you continue.

NOTE: If you don’t have a qualifying percentage pension scheme, you’ll need to create a dummy scheme with the correct percentages in order to satisfy and complete the phasing wizard.

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Enter Payments or Pre-update Reports

1. Click Payroll, on the Employee List select the relevant employees.
2. Click Enter Payments or Pre-update Reports as required.
3. To make the changes now, click Yes. To continue without updating the contributions, click No.
4. Check and, if required, amend the contributions. The following symbols appear next to the pension schemes to provide more information:

   	Changes have been made to meet legal minimums.
   	Scheme can't be changed (e.g. Fixed rate scheme).
   	Scheme is sufficient and no changes are required.

5. To view how the changes affect the schemes and employees, click Preview.
6. To view information quickly, from the View drop-down menu, select the required option.
7. To print the information, click the printer icon then click Print.
8. To complete the changes, click OK.
9. To apply the changes, select the I confirm I have read and understood this message check box.
10. Click Apply Now then click Yes.

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Pension Assessment or Update Records

1. Click Payroll, on the Employee List select the relevant employees.
2. Click Pension Assessment or Update Records as required.
3. Click Manage Contributions.

   There is no option to update later, you must make the changes before continuing.

4. Check and, if required, amend the contributions.

   The following symbols appear next to the pension schemes to provide more information:

   	Changes have been made to meet legal minimums.
   	Scheme can't be changed (e.g. Fixed rate scheme).
   	Scheme is sufficient and no changes are required.

5. To view how the changes affect the schemes and employees, click Preview.
6. To view information quickly, from the View drop-down menu, select the required option.
7. To print the information, click the printer icon then click Print.
8. To complete the changes, click OK.
9. To apply the changes, select the I confirm I have read and understood this message check box.
10. Click Apply Now.

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Run the Automatic Enrolment Employee Contribution Increase Letter

The automatic enrolment employee contribution increase letter can be sent to employees who are part of a qualifying scheme to inform them of the increase in percentages.

1. Click Payroll, on the Employee List select the relevant employees.
2. Click Reports then click Employee.
3. Click Automatic Enrolment Employee Contribution Increase Letter.
4. Click Preview then click Print.
5. Check your printer settings then click OK.

Visit our guide if you see the error: 'failed to update pension schemes' in the pensions module >

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