Question asked by James Wigley 10 years ago
Hello Can someone explain why this is not supported in Payroll, and if there is anything I can do about it.
We have just started offering auto enrolment pensions using Now: Pensions, and only after the fist month has gone out have I realised that it is all wrong because of this.
Is there some sort of work around I can use, to get the figures correct?
Hi James
CB only supports the "relief at source" method because, traditionally, only large companies, with their own schemes have operated "net pay" arrangements.
Initially CB are looking to match with NEST pensions and this provider only operates under "at source" however, if it is now going to be the case that more companies/schemes will operate under "net pay" arrangements then it will be something CB will need to consider.
Until then you can set up pension deductions as pre-tax deductions, as you process each person's payroll, but will have to do this manually under each pay run and also will have to add to the journal that's pulled into the bookkeeping by debiting pay and crediting the pension provider creditor.
Hope that helps.
Best answerAny thoughts from CB about how soon you are likely to to compatible with NOW: Pensions , if ever?
Hi Paul
Yes thank you that does help, though it is not the answer I was hoping for.
all the best James
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