If you operate Banded Pension Schemes for Salary Related, you need to ensure that the Employee Pension Scheme contribution sets and rates are created within Cintra iQ.
To create pension bands
- Navigate to the desired Pension Scheme definition window.
- Go to Cintra iQ: Payroll> Payroll Setup> Benefit Schemes> Pensions/Other Benefits
- Open the desired pension scheme. The Pension Scheme window appears.
- Navigate to the Pension Scheme Contribution window.
- Click the Contributions tab.
- Double-click the desired contribution record in the Scheme Parts pane.
- Navigate to the the Insert Employee Contribution Set form.
- Click the Employee Contribution Rates tab.
- In the Effective Date pane, right-click: New. The Insert Employee Contribution Set form appears.
- Enter the Rates effective from date for the current tax year.
- Enter the Rates effective to date for the current tax year.
- Click the OK button. The date appears in the Effective Date pane.
- Navigate to the Insert Employee Contribution Set form.
- Highlight the effective date.
- Right-click New in the Salary band pane. The Insert Employee Contribution Set form appears.
- Enter the From salary band value.
- Enter the To salary band value.
Important:
Ensure that the To salary band field ends in 99 pence. e.g. 28309.99
- Select the Contributions are percentage based option.
- Enter the Percentage amount value.
- Click the OK button. The salary band record appears in the Salary band pane.
- Continue to enter the rest of the salary bands for the affected year.
- Click the OK button when finished.
Note:
For the 50/50 schemes you also have to include the reduced Employee percentage.