Salary Sacrifice to Pension

Question asked by Paul Walpole 7 years ago

Hi

I have an employee who has asked to sacrifice £2000 a month towards his pension.

He has also stated he'd also want to opt in to our workforce pension scheme. We run this through Nest, however his salary sacrifice will be with another pension provider?

How do I set this up in payroll?

Cheers

Paul

2 Replies

Good morning Paul,

It is not currently possible to have two pension schemes set up for a single employee. The salary sacrifice and workforce pension details can both be configured within the Pensions tab in the Employee's details screen.

I believe the best way to separate the two pensions would be by manually separating the values for each pension scheme once the payroll bill has been produced, allowing for the total pension value to be split into two values to be applied to unique entities. This would require the calculation of pension contribution for each entity manually.

I hope this helps, Theo

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