To access this utility, click Pensions:
1) Click Add New Scheme followed by Contracted-In Salary Related Scheme (CISR)
2) Enter the name of the policy and the reference number provided by the pension company
3) Default Contributions - this is optional. Complete this section if you would like to apply default contributions to an employee who is added to this pension scheme. They can subsequently be changed for each employee as required
4) If applicable, set a range of earnings on which to calculate percentage-based deductions for the scheme
5) Within the Contact and Payment section, enter the contact details of the COSR pension provider
6) Select the method of payment for remitting the pension contributions to the pension provider. If the method of payment is credit transfer, enter the pension provider's bank account details accordingly.
7) Click Save
To apply the CISR pension to an employee, click Payroll and select the employee:
TO ENTER A PENSION DEDUCTION BY AMOUNT:
1) Under Additions & Deductions click the Add icon
2) Under Deduction, select the CISR pension scheme
3) Select the £ sign from the drop down menu and enter the Employee Contribution
4) Select the £ sign from the drop down menu and enter any Employee Additional Voluntary Contribution, if applicable
5) Select the £ sign from the drop down menu and enter the Employer Contribution, if applicable
TO ENTER A PERCENTAGE-BASED PENSION:
1) Under Additions & Deductions click the Add icon
2) Under Deduction, select the CISR pension scheme
3) Select the % sign from the drop down menu and enter the Employee Contribution percentage amount
4) Select the % sign from the drop down menu and enter any Employee Additional Voluntary Contribution percentage amount, if applicable
5) Select the % sign from the drop down menu and enter the Employer Contribution percentage amount, if applicable
Need help? Support is available at 0345 9390019 or [email protected].