Creating Pension Pay Elements

  1. 1. Select 'Pay Elements'

    Select 'Pay Elements'

  2. 2. Click on Deductions or Employer depending on the type of pay elements you wish to create.

    Select the plus icon to create a new pay element.

    Click on Deductions or Employer depending on the type of pay elements you wish to create.

  3. 3. Type the name of the new pay element, if you'd like something different to show in the employees payslips you can add this to the description on payslip field.

    Choose a value type for the pay element.

    Type the name of the new pay element, if you'd like something different to show in the employees payslips you can add this to the description on payslip field.

  4. 4. Choose a value type for the pay element.

    Choose a value type for the pay element.

  5. 5. If you've selected a calculated value type you can now choose the calculation source.

    If you've selected a calculated value type you can now choose the calculation source.

  6. 6. Choose a 'Calculated As' Option

    Choose a 'Calculated As' Option

  7. 7. Add the required percentage value.

    Add the required percentage value.

  8. 8. Choose a Jurisdiction

    Choose a Jurisdiction

  9. 9. Choose a crosstab category

    Choose a crosstab category

  10. 10. Set the status of the pay element to 'Active'

    Set the status of the pay element to 'Active'

  11. 11. Ensure you select the relevant tax and social tick boxes if applicable

    Ensure you select the relevant tax and social tick boxes if applicable

  12. 12. Mark your pension pay element as either "part of an approved pension" or "part of an unapproved pension" if this pension isn't approved by a Government scheme.

    Mark your pension pay element as either "part of an approved pension" or "part of an unapproved pension" if this pension isn't approved by a Government scheme.

  13. 13. Select 'Save' to save the pay element

    Select 'Save' to save the pay element