Fix a custom pension scheme

If you don't apply one of the standard pension providers available in Payroll, you lot tin can fix your own custom pension scheme.

You can gear up a custom pension scheme in Payroll by completing the below steps;

If yous're unsure about any of the details about your pension scheme, you must contact your pension provider.

  1. Click Pensions, then click Add a new pension, and so click Add together your own alimony.
  2. Enter the name, Employer Reference and address of your pension provider.

  3. Click Add Plan and fill in the relevant fields

    Name Enter a proper name for this plan.
    Contribution Rates Cull whether the rates are a percentage of the employees' pay or a stock-still amount.
    Employer Contribution Enter the percent or fixed amount the employer pays into the pension scheme.
    Employee Contribution Enter the pct or fixed amount the employee pays into the pension scheme.
    Earnings Basis If you chose to contribute a percent, cull one of the following options:
    • % Use To Pensionable Pay – If yous select this option, all payments that you've selected the Pension Earnings check box for are included in the pension calculation for that pay flow.
    • % Apply To Qualifying Earnings – If you select this choice, all payments that you've selected the Qualifying Earnings cheque box for are included in the pension calculation for that pay period.
    • Custom Earnings Footing – To specify your own thresholds for alimony contributions, cull this pick. You can then specify an almanac lower and upper earnings threshold. When you process your pay run, Payroll automatically adjusts the thresholds based on the pay frequency and just deducts pension on earnings between the 2 bands.
    Lower earnings threshold (annual) This option only appears if yous chose Custom Earnings Basis. Enter the annual lower earnings limit.
    Upper earnings threshold (almanac) This choice just appears if y'all chose Custom Earnings Ground. Enter the annual upper earnings limit.
    Deduct before tax Employees become tax relief on their pension contributions and tin be 1 of two arrangements:
    • Net pay – The contributions are deducted from the employee's gross pay, earlier tax is calculated. Taxable gross pay is reduced past the amount of the pension contribution, therefore the employee does not pay tax on their alimony contribution.

      Annotation: This is referred to every bit deduct before tax. If your scheme deducts before taxation, select this bank check box.

    • Relief at source – The contributions are deducted after tax is calculated, and the pension provider claims dorsum the Basic Rate revenue enhancement paid on this contribution, directly from HMRC.

      Note: This is referred to as deduct after tax. If your alimony is deducted after tax, leave the check box clear.
    Payment due date Enter the appointment you're due to make your pension payments to your pension provider.
    Default Programme If yous want to automatically enrol all employees into this alimony scheme, select this bank check box. You tin modify this for individual employees when you procedure their pay run.
  4. Click Add. If y'all want to add together an additional plan, repeat stride 5.
  5. To read our terms, click the our terms link and select the Terms check box, so click Save.

You tin now add the new alimony scheme deduction to an employee when you side by side process their pay.

Send pension information

You can send your alimony data directly from SBC Payroll to NEST and Smart pensions.

If you use a different pension provider, for example: Now pensions or The Peoples Pension you can generate a pension contributions report from SBC Payroll.

The pensions contributions written report lists:

  • Each employee enrolled in the pension scheme.

  • The employees' automatic enrolment status.

  • Pensionable pay values.

  • Qualifying earnings.

  • Employer and employee alimony contributions.

The pension contributions report can be used to manually complete your pension provider's online template, or can be saved every bit a PAPDIS file that can be uploaded to some alimony providers.

PAPDIS ( Payroll And Pension Information Interface Standard) is an open up standard report, designed to help payroll systems transfer information to pension providers.

Your pension provider can confirm if they support the upload of a PAPDIS file.

To download the pension contributions report as either a PDF or a PAPDIS file

  1. Select Pay Runs, then choose the relevant completed pay run.

  2. Select Pension submissions, then View pension contributions for this pay flow.

To generate a PDF report, select download Written report.

To generate a PAPDIS file, select Consign CSV.

Speak to your pension provider for help completing their online template, or uploading a PAPDIS file.