Cap on maximum earnings for auto enrolment pensions

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We use the Nest auto enrollement pension with Employer contributions 3% and employee 5%,I have a high earner who when I process his pension is above the cap earning which I believe to be maximum earnings of £50270 per annum. Is there anyway of taking this cap off an individual employee or do I need to create a new pension scheme for them?

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  • 0 in reply to DEBBIE BRIGHT

    Hi Debbie

    You need to put remove the old pension scheme from the employee record and then add the new one.  If you don't remove the original pension scheme and you add another, then two pension deductions will be made.  If you open the employee record, select pension tab, then manage schemes and highlight the old scheme on here and select Edit.  When this opens, if you put an end date for this pension scheme prior to the date you added the new pension scheme to their record and this will now result in only the new pension scheme being calculated and deducted from the employee.

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