| | Additional voluntary contribution (AVC) |
| Description | Your employees can make extra payments into their pension scheme, on top of their standard contribution. This is an Additional Voluntary Contribution (AVC). You can make this contribution on a per-period or regular basis, either as a percentage or a fixed amount. |
| Resolution | You add the AVC in the PAY window when processing the pay run. - Select Summary from the menu bar.
- Then Process pay run.
- Select the employee.
- Select Manage enrolment.
- Select Manage contributions.
- Change Deduct Additional Voluntary Contributions from Off to On.
- Select the frequency of the Voluntary Contribution.
- From Additional Voluntary Contribution type, select either:
- % of gross qualifying earnings
- % of pensionable earnings
- Fixed amount
- Enter a Value for the deduction.
- Select Save.
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