| Additional Voluntary Contributions (AVCs) |
Resolution | Set up an AVC deduction- Open Sage Payroll and log in to your payroll as normal.
- On the menu bar, click Company/Payroll then click Deductions.
- Click New, then set up the deduction as follows:
Title | Enter a name for the pension deduction, for example, Pension AVC. |
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Type | Click Gross. |
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Sub-Type | Click Pension / RAC / PRSA. |
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Pension | Click the relevant pension link. |
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AVC | Select this check box. |
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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. |
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- Click Save then click Close.
Assign AVC contribution details to an employee- On the menu bar, click Processing then click Employee Details.
- Next to the Surname box, click browse and click the relevant employee.
- Click the Deductions tab.
- Locate the relevant pension deduction and enter the following information on it's entry line:
Std. E’e Amt | Enter the fixed amount or percentage of pensionable pay that you want the employee to pay each period. |
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E'r Contrib | Enter the fixed amount or percentage of pensionable pay that your company wants to pay on the employee's behalf each period. |
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- Click Save.
- 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.
- On the menu bar, click Company/Payroll then click Payments.
- Locate and select a payment that's pensionable, then click Edit.
- Check the Include in pension calculation check box is selected. If it's not, select this check box now.
- Click Save.
- Repeat step 8 to 10 for all payments that are pensionable, then click Close.
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