Importing Pension Schemes
If you use supported pension providers, you should head to the Integration Settings and Import Schemes from your pension providers.
Creating Pension Scheme
From the Pensions page, under the Schemes Tab, click Add New Scheme
This will open a modal where you need to select the following:
- The Pension Provider
- Most integrated providers require you to create this on their platform. In such cases, manual schemes will be assumed that you will upload contributions manually.
- Scheme dates and name
- The Pay Schedule for which the scheme is applicable
- If you have multiple schedules, you can select multiple entries
- If the scheme qualifies for auto-enrolment
- Scheme type
- Relief type
Once all details have been inserted, click Create.
Note: For Relief at Source, the 20% deduction will not be applied if the employees have an NT tax code. The deduction can also be eliminated for everyone in the Pension Scheme.
Other Scheme Types
If your Pension Scheme is Type 1, Type 2 or Type 3, select the Show Advanced button.
This will allow you to select one of the additional three types of Pension Schemes. Once selected, click Create.
Pensionable Pay Elements
By default, pension schemes take pensionable elements based on the Pay Item settings.
However, when a company offers multiple schemes, Pay Elements can be customised per scheme. Within the Pension Scheme settings, you can add or remove any particular pay items