Pension Fund Setup

Hi,

I am setting up payroll for a company with a pension fund.

I did setup the RFI profile with a % of the basic salary

I don't seem to understand what codes I must use on the payslip setup.  Is'nt the % setup suppose to work out the amounts due automatically or am I using the wrong codes?

What am I suppose to use?

Parents Reply
  • 0 in reply to Christa@ARC

    Enter the PAYE Year to Date excluding the tax credits.

    Also capture the tax credits on their codes (8000 & 8002 together with their Year to Date amounts).

    The additional voluntary tax must be allocated to code 8005. You will notice that once you add an amount on this code and save, it updates code 8001 anyway. 

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