Set up a pension scheme

Add a pension scheme to easily enroll your employees and to maintain compliance to the Pensions Act 2008.

To learn how to enroll your employees, see Enroll staff into a pension scheme.

Before you begin

Contact your pension provider to find out:

• Your scheme’s pension type
  • Relief at source - post tax - Calculated as regular employee contributions minus 20% tax relief. Deducted after tax and NI are calculated.
  • Net pay arrangement - Reduces employee’s taxable pay.
  • Salary sacrifice - Reduces the employee’s taxable and National Insurance-impacted pay, and is essentially an Employer-only scheme. Specify if you are also contributing National Insurance Savings.
• Whether your pension scheme is based on Qualifying earnings (pension is calculated on pay above the lower earnings limit, but below the upper earnings limit). For more information, see The Pensions Regulator’s Automatic enrolment earnings threshold.

How to set your duties start date

Add your original Duties start date (or your Staging date if you employed staff for the first time before 1 October 2017).

1. Navigate to Settings from the left side bar.
2. Under the Company heading, select Pensions.
3. Click Add start date in the Duties start date box.
4. Enter the Start date and click Add start date.

How to set up a pension scheme

1. From the left side bar, navigate to Settings.
2. Under the Company heading, select Pensions.
3. Click Add pension scheme.
4. Select your pension provider.
5. Fill in your Pension account id. Mark Calculate on qualified earnings if the pension is based on qualified earnings, and select all supported Pension types.
6. Enter the Default contribution employer and employee rates.

   Note: If you have any employees whose contributions differ from the default, amend the pension contribution details on the employee’s record.

7. Click Save changes.