Check and update contribution percentages using the Pensions Module phasing wizard

How to use the Sage 50 Payroll Pensions Module to check and update employee minimum pension contribution percentages.

The minimum contributions that you and your employees pay into your pension scheme last increased on 6 April 2019.

You can use the Sage 50 Payroll Pensions Module to check your schemes are up to date automatically.

When you process the first period of the new tax year, your software prompts you to update the percentages.

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Options that open the wizard

This message appears when you select any of the following options:

• Enter Payments
• Pre-update Reports
• Pension Assessment
• Update Records

When you select one of these options, the phasing wizard appears. Complete the wizard and verify your pension schemes are compliant to be able to continue and process your payroll.

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Complete the wizard

1. Go to Payroll, on the Employee List and select the relevant employees.
2. Select one of the options that open the phasing wizard.
3. Select Manage Contributions.
4. Check and, if required, amend the contributions.

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

     	A blue triangle with an exclamation mark means your software changed the scheme to meet legal minimums.
     	A red triangle with an exclamation mark means your software can't check the scheme. For example, it's a fixed rate scheme.
     	A green tick means the scheme already meets the minimum contributions, so there are no changes required.

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

You've completed the phasing wizard, and can process your payroll as normal.

Visit our separate article if you see the error: 'failed to update pension schemes' in the pensions module.

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