Deferment Policy |
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Deferment from Employee's Employment Start Date |
3 months |
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Pension Scheme Details |
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Scheme Name / Group Name |
- Minimum Compliance |
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Pension Scheme Ref. |
PEN001 |
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Other Ref. |
- |
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Payment Submission Frequency |
Monthly |
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Delay Opt Out Period |
5 Days |
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Opt Out Period |
1 Month from the end of the Delay Opt Out Period |
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Use this as a default scheme ? |
Yes |
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Occurrence |
Recurring |
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Employee Contribution |
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Deduction Type |
Minimum Contribution Level of Gross Pay |
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Deduction Value |
3.00 |
% as of today's date |
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Set different rate for each employee? |
Yes |
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Tax Relief Arrangement |
Relief at Source |
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Add SSP Payment to Pensionable Earnings |
Yes |
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Add SMP Payment to Pensionable Earnings |
Yes |
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Add SAP Payment to Pensionable Earnings |
Yes |
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Add SPP Payment to Pensionable Earnings |
Yes |
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Earnings Basis |
Qualifying Earnings |
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Employer Contribution |
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Deduction Type |
Percentage of Gross Pay |
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Deduction Value |
2.00 |
% as of today's date |
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Add SSP Payment to Pensionable Earnings |
Yes |
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Add SMP Payment to Pensionable Earnings |
Yes |
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Add SAP Payment to Pensionable Earnings |
Yes |
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Add SPP Payment to Pensionable Earnings |
Yes |
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Earnings Basis |
Qualifying Earnings |
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