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View Pension Scheme Details

Use

In this screen you can view the pension scheme details and modify it as required. The contributions made by the employee and the employer / contractor towards the selected pension scheme will be displayed here.

Path

Employer / Setup >Pension Schemes Settings > Usual Pension Setup > Main Pension Schemes > View/Edit > View

OR

Employer / Setup > Chart of Setup > Pensions > Usual Pension Setup > Main Pension Schemes > View/Edit > View

OR

Bureau Main Page > Admin Payrun > Enter > Employer / Setup > Pension Schemes Settings > Usual Pension Setup > Main Pension Schemes > View/Edit > View

OR

Multi-Sites Payroll Starter > Head Office Details > Employer / Setup > Pension Schemes Settings > Usual Pension Setup > Main Pension Schemes > View/Edit > View

Fields Available

Pension Scheme Details

• Scheme Ref: The Scheme reference you have given will be displayed here.
• Scheme Name: The pension scheme name you have selected will be displayed here.
• Scheme Provider: If you have already selected the Pension Provider for the pension scheme then it will appear here.
• Scheme Type: The scheme type subject to schemes will be displayed here.
• SCON: The SCON (Scheme Contracting-out Number) will be displayed here. The SCON number is applicable only if your scheme type is COSR or COMP.
• Calculate Minimum Pay: The minimum pay amount that is to be included in the contribution calculations will be displayed here only for COMP schemes.
• Allow Employee Minimum Amount Tax Relief: If you have already selected "Yes" or "No" whether the minimum amount is subject to tax relief i.e., should the minimum amount be deducted from the employee's gross pay before calculating the tax or not will be displayed here.
• Deduct Employee Minimum Pay & Employee Pension Amount: If you have already selected "Yes" or "No" from the drop down list it will be displayed here. Select Yes to deduct both the employee's minimum amount and employee's pension contribution amount (either on a fixed or percentage basis) from an employee's pay. If you select No, the greater of minimum amount and employee's pension contribution amount will be deducted from his pay.
• Deduct Employer Minimum Pay & Employer Pension Amount: If you have selected "Yes" or "No" from the drop down list it will be displayed here."Yes" to deduct both the employer's minimum amount and employer's pension contribution amount (either on a fixed or percentage basis). If you select No, the greater of employer's minimum amount and employer's pension contribution amount will be deducted.
• Employer Pays employee's Minimum Amount: If you have selected "Yes" or "No" from the drop down list it will be displayed here. The minimum amount of an employee has to be paid by the employer or not. If you select No then, the employee will pay the employee's minimum amount.
• Occurrence: If you have selected "Recurring" or "Non-Recurring" from the drop down list it will be displayed here. Occurrence refers to the frequency setting for the pension i.e. how often the pension scheme will be applied to the employee's wages. If the occurrence is set as Recurring, the pension scheme will automatically be included in the employee's wages each and every time the employee's pay is calculated. If the occurrence is set as 'Non-Recurring', the pension scheme will not apply regularly to the employee's wages.

Employee Contribution

• Deduction Type: The deduction amount type that should be taken as fixed amount from the employee's salary or as a percentage of the salary will be displayed here.
• Deduction Value: The deduction amount of the fixed amount or the percentage rate will be displayed here.
• Allow Tax Relief: You can view whether your employee's pension contribution is subject to tax relief or not i.e. should the pension amount be deducted from the employees gross pay before tax is calculated.
• Reduce by Basic Rate Tax: You can view whether Basic Rate Tax should be deducted from the pension contribution or not. Basic Rate tax is usually calculated at 20%.
• Add SSP Payment: You can view here whether SSP (Statutory Sick Pay) should be added to the pensionable pay before calculating the pension deduction. Select No otherwise.
• Add SMP Payment: You can view here whether SMP (Statutory Maternity Pay) is to be added to the pensionable pay before calculating the pension deduction or not.
• Add SAP Payment: b> You can view here whether SAP (Statutory Adoption Pay) is to be added to the pensionable pay before calculating the pension deduction or not.
• Add SPP Payment: You can view here whether SPP (Statutory Paternity Pay) is to be added to the pensionable pay before calculating the pension deduction or not.

Employer Contribution

• Deduction Type: The deduction amount type that should be taken as fixed amount or as a percentage of the employee's salary will be displayed here.
• Deduction Value: The fixed amount or the percentage rate of the employee's salary contributed by the employer will be displayed here.
• Add SSP Payment:You can view here whether SSP (Statutory Sick Pay) is to be added to the pensionable pay when calculating the pension deduction or not.
• Add SMP Payment: You can view here whether SMP (Statutory Maternity Pay) is to be added to the pensionable pay when calculating the pension deduction or not.
• Add SAP Payment: You can view here whether SAP (Statutory Adoption Pay) is to be added to the pensionable pay when calculating the pension deduction or not.
• Add SPP Payment: You can view here whether SPP (Statutory Paternity Pay) is to be added to the pensionable pay when calculating the pension deduction or not.

Associated Tasks

• Edit: To make any modifications to the Pension Scheme details, click on this button. It will open the Edit Pension Scheme Details screen, where you can make the required modifications.
• Back: If you have finished viewing or modifying the details and wish to leave this screen, click on this button.

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