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needaccountshelp
Jun 1, 2020 10:46 AM UTC
Question

Running payroll, the employees pension seems to be calculating it at 4%? Should be 5% per settings, I'm I missing something? April the same when I looked back

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1 reply

GeorgiaC
Jun 1, 2020 11:17 AM UTC

Hi needaccountshelp, 

 

If the pension taxation method is set to Relief at Source then this will calculate the deduction after tax relief. The basic rate of tax relief is 20%, meaning the pension will calculate at 4%. 

 

Thanks

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