Additional Voluntary Contributions (AVCs)
Description
Cause
Resolution
Set up an AVC deduction
  1. Open Sage Payroll and log in to your payroll as normal.
  2. On the menu bar, click Company/Payroll then click Deductions.
  3. Click New, then set up the deduction as follows:

    TitleEnter a name for the pension deduction, for example, Pension AVC.
    TypeClick Gross.
    Sub-TypeClick Pension / RAC / PRSA.
    PensionClick the relevant pension link.
    AVCSelect this check box.
    Multiply by the number of holiday periods

    When you process an employee's pay details, the value of a holidayable deduction adjusts according to the number of holiday periods you enter. So if the AVC deduction is holidayable, select this check box.

    NOTE: This option is only available in weekly and fortnightly payrolls.

     

     

  4. Click Save then click Close.


Assign AVC contribution details to an employee
  1. On the menu bar, click Processing then click Employee Details.
  2. Next to the Surname box, click browse and click the relevant employee.
  3. Click the Deductions tab.
  4. Locate the relevant pension deduction and enter the following information on it's entry line:

    Std. E’e AmtEnter the fixed amount or percentage of pensionable pay that you want the employee to pay each period.
    E'r ContribEnter the fixed amount or percentage of pensionable pay that your company wants to pay on the employee's behalf each period.
  5. Click Save.
  6. Repeat steps 2 to 5 for each employee you want to assign pension contribution details for, then click Cancel.

    If you entered a pension value as a percentage of pensionable pay for any of your employees, you should check that all relevant payments are set up as pensionable in your payroll. To do this, complete steps 7 to 11.

  7. On the menu bar, click Company/Payroll then click Payments.
  8. Locate and select a payment that's pensionable, then click Edit.
  9. Check the Include in pension calculation check box is selected. If it's not, select this check box now.
  10. Click Save.
  11. Repeat step 8 to 10 for all payments that are pensionable, then click Close.

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