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05 September 2010 RegisterLogin

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Please Use the Forum...

But before posting a message in the forum or emailing us please read the Frequently Asked Payroll Questions and also our Getting the most out of 12Pay's Payroll Software Usage Guide first.

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ForumForumSupportSupportPayment and Ded...Payment and Ded...Employers Pension ContributionEmployers Pension Contribution
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 10/07/2007 20:17
 
Carmela Ricciardi-Powers
10th Level Poster

Joined: 29/05/2007
Posts: 6
I have 1 employee who is being paid a stakeholder pension.  the employee pays 5% and i match her contribution.  she is paid weekly and gets paid on an hourly rate so the amount varies from week to week.  I haven't been able to find the correct deduction code to calculate this onto her payslip,  i have found a way of doing it but am not sure if the reporting will be correct.  i used the code pension5 but had to put her weekly pay in the hours box under pay under the employee details page.  in addition is there any way to show the employee the employers contribution in the payslip. can this be added manually ?? as it isn't either a payment or a deduction relevant to the payslip.  just keeping the employee aware of my contribution.  please help.    today is the first day i have used 12payroll and so far very positive, just this blip to get over for now.  look forward to hearing from you

regards  Carmela

New Post
 10/07/2007 20:54
 
12Pay Support
Obsessed

Joined: 13/02/2007
Posts: 900
 Modified By 12Pay Support on 10/07/2007 21:11:20
  1. STAKE is probably the best code for this employee. Add that code on the "Pay" tab, and put in employee and employer rates of 5%, then you should get the correct calculations.
  2. Put the employee's hourly rate into Per Hour on the Employee's Basic Pay box on the main employee tab, but with zero hours. Because the basic pay has zero hours it won't generate a line on the payslip. Then each week put in a New Variation on the Week n tab using the code BASIC with the appropriate number of hours, and the rate will automatically be picked up for you from the employee's permanent hourly rate.
  3. You make a very good suggestion to show the employer's pension contribution on the payslip. We'll add this to the next release. At this instant I can't think of a clever workround to get this showing for you (unless you perhaps alter the STAKE description to say something like Pension (Matched by Employer) in the main Payment/Deductions section. Let us know if this requirement is critical to you and we'll bring forward the next version release.

Please let us know if any of that isn't clear to you.
12Pay Support
New Post
 19/04/2008 17:22
 
Adam Armstrong
8th Level Poster

www.domypayroll.co.uk
Joined: 03/03/2007
Posts: 27

I am trying to put in pension contributions for fixed amounts for employee and employer. I have tried using Pension Lump Sum and Stakeholder pensions, but when I try and put the amount for the Employer contributions it converts it into a percentage.  The figures in question are 55.40 Ees and 71.02 Ers and for someone else £39.00 Ees and £50.00 ers.  I have calculated that the Employers Rate should be 1.282, so is the correct method to put 55.40 hours at 100% for employee and 128.2% for employer?  Just wanted to check.  Failing that, is there another method that I am missing?

Thanks

Adam
New Post
 19/04/2008 17:38
 
12Pay Support
Obsessed

Joined: 13/02/2007
Posts: 900
Adam, Those seem like odd numbers for fixed contributions. Also the £39 and £50 exactly match what you'd expect to get on a net% deduction last year with a matching employer's contribution ( eg 5% on a £1000 salary, or 2.5% of a £2000 salary would yeild £39 employees and £50 employers). We only calculate employers contributions on a %age basis, and then only if the employee's contribution is on a %age basis.

If you really want one, you can get a fixed employee's deduction; just enter it as a negative number in the pay. We don't have a clear mechanism for fixed employer's contribution, and you can only achieve this by "rigging" a %age on the employer's contribution, but you cannot do that on the same code line that you do an employee's percentage. If you send us the gross pay for the two examples above we'll be happy to suggest exactly how you'd enter them...
12Pay Support
New Post
 16/03/2010 15:05
 
12Pay Support
Obsessed

Joined: 13/02/2007
Posts: 900

Just a remark to let anyone reading this thread know that for some time now the software has been capable of handling fixed values for employers' pension contributions.

12Pay Support
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