FormerMember

Limiting pension contributions for high earners

Posted By FormerMember

Hi,

Our Benefits people have told us that there is a way to limit the contributions made by employee and employer for those who are high earners, but I can't get through on the phone on how to deal with this on Sage Payroll.  Has anyone else had to set this up since the introduction of tapering and the limiting of the Annual Allowance?  Our pension provider is Scottish Widows and the employees are already enrolled.  The benefits people said, "You can simply change the contributions to monetary amounts and limit the total to £10k pa. For example, if the company are happy to match you can pay £416.66 pm each". 

Any thoughts how to do this technically?

Many thanks - first timer on here! 

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