Pension contribution levels can vary between your pension schemes and employees. You can opt for the minimum contribution percentages set by the government, or set different arrangements with your team. Whatever the contribution arrangements, you can easily customise them to fit your company’s needs. To do this, watch the video or follow the steps below.
View and update group contribution settings
Click Pensions then select the relevant scheme.
Click the Settings tab.
Within Groups, click Edit.
Note: If you don't have the edit option, you need to set the pension to manual.Make the required amendments then click Save.
Tip: If you cannot see the option to edit the groups, it's most likely because the pension is automated. Simply turn the pension to manual in order to edit group settings.
View and update team member pension contributions
When you assign team members to a pension group, you can manage their contribution rates. To do this, follow the steps below.
Click Pensions then click the relevant pension scheme.
Click the Team tab then click the relevant employee.
Click the cog icon then click Pension contributions.
Select the Customise contribution rates check box.
Make the relevant changes then click Save.
If both employee and employer contributions are percentage values, you'll get a warning if the total contribution falls below the minimum required for workplace pension compliance. If you're using fixed amounts or a mixture, this appears when you finish processing.