KnowledgeBase
12065: Employer NI Saving: Salary Sacrifice National Insurance Saving
Article ID | 12065 |
Article Name | Employer NI Saving: Salary Sacrifice National Insurance Saving |
Created Date | 01 Jan 2019 00:00:00 |
Product |
IRIS Payroll Professional, Earnie, Earnie IQ
Codes: GGLEARNIE GGLENIEIQ GGLPAYPRO |
Problem |
Used with a Salary Sacrifice Pension, a pension contribution deducted from the employee before tax and NI are calculated. This reduces the NI cost for both the employee and employer. In some salary sacrifice pension schemes, some of the employers NI saving are paid into the pension pot for the employee using the "employee NI saving" display item. We have added the facility to include all or part of the employer NI saving, which is caused by the salary sacrifice, in the pension contributions. The user can determine the percentage at which the NI saving is calculated. This is a display item only and will not affect the employee pay, this is for reporting purposes only. |
Resolution |
To create the employer NI saving contribution: • Go to "Company" | "Alter Payments/Deductions" Click "Add new" and then "No" to the wizard • Enter a Name
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