Payroll - Pension contributions calculations.
Question asked by Gary Smith 3 years ago
I think I am being particularly thick here so I apologise for posting this.
An employee, an apprentice, earns £317.75 gross wages. There is no commission or bonus so the gross wages should equate to pensionable earnings.
The payroll system is set up so that the employee pays 5% and the employer 3%.
This should mean that the employee should pay £15.88 but the payroll calculates it as £7.91. It should also mean that the employer should pay £9.53 but the payroll calculates it as 5.94.
Where am I going wrong?
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