In this article
Before proceeding, you need to ensure you know the pension type for your scheme. If you are unsure, you can contact your pension provider who will be able to assist.
Please also ensure you know if the pension is based on Qualifying earnings. This means that the pension is calculated on pay above the Lower earnings limit, but below the upper earnings limit. If you are unsure, you can contact your pension provider who will be able to assist.
Setting up a pension scheme in Pento
To add a pension scheme to Pento, you need to follow the steps below:
- Navigate to Settings from the left sidebar
- Under the Company heading, select Pensions
- Select Add Pension scheme:
- Select your pension provider from the list:
- Once you have selected the correct pension provider, you will see a screen similar to the below:
Employer ID
You can get your Employer ID from your pension provider.
Employee and Employer contributions
You need to enter the standard contribution rates for your company.
If you have any employees whose contributions differ from the standard, you can amend these on the employee's record. For further guidance on updating contribution rates per employee, you can refer to our help article How to enrol staff into a non-integrated/CSV pension scheme
Calculate on qualified earnings
Select this if your pension contributions should be calculated on pay above the Lower earnings limit, but below the upper earnings limit. If you are unsure, you can contact your pension provider who will be able to assist.
Further guidance on Qualifying Earnings can be found on The Pension Regulator's website:
Pension types
Select the correct pension type:
- Net Pay Arrangement
This pension type will reduce the employee's taxable pay. - Salary Sacrifice
This pension type will reduce the employee's taxable and NI'able pay, and is essentially an "Employer only" scheme. You will need to specify if you are also contributing the "NI savings". - Relief at Source
This pension type is deducted after tax and NI have been calculated, therefore, it is a Net deduction.
If you are unsure which pension type you are operating, you can contact your pension provider who will be able to assist.
Once you are happy with the settings, select Save changes.
Integrated pension providers
If you use one of our integrated pension providers, you will need to refer to the respective help articles for guidance on setting up the pension scheme on Pento:
The People's Pension: Integration
How to enrol staff into an integrated Pension Scheme