I have a few employees who wish to add AVCs to their salary sacrifice pension; some are a percentage and some a fixed amount.
How do I apply these to ensure the correct treatment for tax and NI?
I have a few employees who wish to add AVCs to their salary sacrifice pension; some are a percentage and some a fixed amount.
How do I apply these to ensure the correct treatment for tax and NI?
I have the same issue. AVC application is not salary sacrificed when applied. I have had to do this:
1. Set up a second pension scheme (Company>Pension Schemes) as salary sacrifice called it "Employee AVC"
2. Set the amounts as FIXED for Employee at £1 and FIXED for Employer at zero
3. For this employee, go to Pensions>Manage schemes and only use the "Employee contributions box" for employee AVC amounts (you can change this to % if needed)
Sage, hope you find a better solution to this. Our employees are given a contractual agreement for their AVC so we should be able to deduct this as salary sacrifice as an option.
I have the same issue. AVC application is not salary sacrificed when applied. I have had to do this:
1. Set up a second pension scheme (Company>Pension Schemes) as salary sacrifice called it "Employee AVC"
2. Set the amounts as FIXED for Employee at £1 and FIXED for Employer at zero
3. For this employee, go to Pensions>Manage schemes and only use the "Employee contributions box" for employee AVC amounts (you can change this to % if needed)
Sage, hope you find a better solution to this. Our employees are given a contractual agreement for their AVC so we should be able to deduct this as salary sacrifice as an option.
Hi Sharon, thanks for your post. I'd certainly recommend adding the to the product Ideas Board so it can be considered for future development.
Andy
Sage UKI
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