Payroll - Pension Contribution Split

Question asked by Helen Stephens 9 years ago

Hi,

As we do not currently offer a pension scheme, I have been asked to increase an employees salary by a certain percentage to allow them to contribute into their pension (this will be removed once we move over to a pension scheme so they do not receive both increased salary and an additional pension contribution). So, when entering their salary onto Clearbooks I would like to show their contracted annual salary and then show the percentage increase (£) as a separate line item - please can you advise if this is the correct way to do this, and if so, is there a function that will show this recurring each month until the pension scheme is live? Also, if the separate line item is ok to show this percentage value increase, should I avoid the terminology 'pension contribution %' to avoid any confusion?

Many thanks in advance for your help, Helen

Write reply1

1 Reply

Hi Helen

No function to do it automatically i'm afraid. As for the terminology on the payslip, so long as HMRC get the tax/NI they're due I don't think they'll really care. You and your employee understanding the wording are really all that matters.

Best answer
9 years ago

Reply to this question

Attach images by dragging and dropping or upload
 

Your comments will be public and can be answered by anyone in the Clear Books community.

Find out what we do and who we are

Apps

Company

Social