NHS Pension Changes - October 1st 2022: KB Payroll - IRIS KashFlow https://www.kashflow.com/support/kbp-category/legislation/nhs-pension-changes-october-1st-2022/ Accounting & Payroll | Free Trial - No Card Required‎ Thu, 13 Oct 2022 15:50:46 +0000 en-GB hourly 1 https://wordpress.org/?v=6.4.3 https://www.kashflow.com/wp-content/uploads/2019/11/kashflow-icon-2.png NHS Pension Changes - October 1st 2022: KB Payroll - IRIS KashFlow https://www.kashflow.com/support/kbp-category/legislation/nhs-pension-changes-october-1st-2022/ 32 32 Employee Basic Rate instructions if an employee has a salary increase on or after April 1st, 2022 https://www.kashflow.com/support/kbp/employee-basic-rate-instructions-if-an-employee-has-a-salary-increase-on-or-after-april-1st-2022/ Thu, 13 Oct 2022 15:48:48 +0000 https://www.kashflow.com/?post_type=cpt_kbp&p=85998 If an employee has received a salary increase in the new tax year 2022\23, the Employee Basic Contribution rate that the system has set will need to be checked and amended if necessary. Example: The pensionable Earnings for an employee for the year ending 21/22 were £16,700 This means the system would set the Contribution […]

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]]> New GP Payroll Report – Pension Rate Summary https://www.kashflow.com/support/kbp/new-gp-payroll-report-pension-rate-summary/ Wed, 21 Sep 2022 09:10:32 +0000 https://www.kashflow.com/?post_type=cpt_kbp&p=85978 A new report has been introduced to KashFlow Payroll which will show the contribution rate changes. The report is called Pension Rate Summary, and can be printed from:  Reports | GP Pension Reports | Pension Rate Summary Users will also be prompted to print the report when finalising the last payroll run of September.   […]

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]]> Scenarios in which KashFlow Payroll cannot accurately calculate the Employee Basic Contribution rate https://www.kashflow.com/support/kbp/scenarios-in-which-kashflow-payroll-cannot-accurately-calculate-the-employee-basic-contribution-rate/ Wed, 21 Sep 2022 09:01:21 +0000 https://www.kashflow.com/?post_type=cpt_kbp&p=85977 Unfortunately, because of the complexities of the new calculation to set the Employee Basic Contribution rate, there are 2 scenarios where KashFlow Payroll cannot guarantee the correct Employee Basic Contribution Rate. The following scenarios will require a payroll user to double check the figures, and manually amend the Employee Basic Contribution rate where applicable Employee […]

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]]> Procedures – Existing Members of the NHS Pension Scheme https://www.kashflow.com/support/kbp/procedures-existing-members-of-the-nhs-pension-scheme/ Wed, 21 Sep 2022 08:04:52 +0000 https://www.kashflow.com/?post_type=cpt_kbp&p=85972 For Employees who have been in the NHS Pension scheme prior to April 6th 2021: 1.      The system will check the annual rate of pensionable pay for the tax year ending 2021/22 2.      For full time employees, this will be obtained from the following: Full Time Employees: Field 28 of the […]

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]]> Procedures – New Members of the NHS Pension Scheme post April 6th 2022 https://www.kashflow.com/support/kbp/procedures-new-members-of-the-nhs-pension-scheme-post-april-6th-2022/ Wed, 21 Sep 2022 07:16:27 +0000 https://www.kashflow.com/?post_type=cpt_kbp&p=85970 The following applies to: Normal Staff – paid for a single post –  Employee type 1 Doctor – Assistant/Retainer (Practice is pension provider) – Employee type 5   If an employee has been added to the NHS Pension Scheme post April 6thst 2022, the Employee Basic Contribution rate will be set as follows: The system […]

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]]> New NHS Pension Tiers and Contributions https://www.kashflow.com/support/kbp/new-nhs-pension-tiers-and-contributions/ Wed, 21 Sep 2022 07:09:10 +0000 https://www.kashflow.com/?post_type=cpt_kbp&p=85964 New Pension Rate to be used from 1st October 2022 are as follows:   Please note, at the time of the release of Kashflow Payroll version 1.7.7 (20/09/2022) – NHS Scotland and Northern Ireland are yet to confirm their finalised rates and contributions. We have based the rates on initial indications these agencies provided during […]

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]]> NHS Pension Changes from October 1st 2022 https://www.kashflow.com/support/kbp/nhs-pension-changes-from-october-1st-2022/ Wed, 14 Sep 2022 11:45:14 +0000 https://www.kashflow.com/?post_type=cpt_kbp&p=85952 Changes to NHS Pension Scheme are required from 1st October 2022.  The main purpose of the changes include using actual pensionable pay instead of Whole Time Equivalent to set pension rates, and changing the pay tiers on which pension rates are determined.  These changes were originally planned to be implemented in April 2022 but were […]

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