Salary Sacrifice or Salary Exchange pension - based on Pensionable Earnings or Total Earnings
A Salary Sacrifice (Salary Exchange) pension deduction is deducted from the employee’s pay before Tax and NI is calculated, which means the employee is due to pay less Tax and NI.
A Pensionable Earnings or Total Earnings pension deduction is calculated as a percentage of earnings you specified when setting up the People’s Pension scheme. For example, this could be a percentage of Salary only or Salary plus bonus etc.
Add Employee Pension Deduction
Add Employer Pension Deduction
Enter Default Percentage for the Employee and Employer Pension Deduction