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.

Cause
Resolution
You add the AVC in the PAY window when processing the pay run.
  1. Select Summary from the menu bar.
  2. Then Process pay run.
  3. Select the employee.
  4. Select Manage enrolment.
  5. Select Manage contributions.
  6. Change Deduct Additional Voluntary Contributions from Off to On.
  7. Select the frequency of the Voluntary Contribution.
  8. From Additional Voluntary Contribution type, select either:
        • % of gross qualifying earnings
        • % of pensionable earnings
        • Fixed amount
  1. Enter a Value for the deduction.
  2. Select Save.
Steps to duplicate
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