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May 9, 2020
Question

Why does pension scheme calculate contributions on only a portion of weekly pay e.g. pay£252 but contributions are only being calculated on the £132 of this?

  • May 9, 2020
  • 1 reply
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1 reply

paul72
May 9, 2020

Hi @finlaysonrhf 

 

I don't use QB Payroll so can't assist with the settings if they need changing but this is 'normal'.

 

It depends on your Pension Scheme but the standard Pension Qualifying Pay is banded - a bit like National Insurance.  For the 2020/21 tax year this is between £6,240 and £50,000 a year (£120 & £962 per week).

 

If your Pension Scheme specifies deductions on All Pay, there should be a setting in QB Payroll to accommodate this (since it's the main option if not using banded pay).

 

Hope this helps.