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.
The fields shown on the report are as follows:
- Employee Number
- Employee Name
- Type of Employee
- Employee Previous Contribution Rate
- Employee Current Contribution rate
- Pensionable Pay £ used to set Contribution Rate
- Date Pension Started in this Employment
The report is useful for highlighting any employees who started pension during the previous tax year – these employees will need to be checked to ensure the Employee Basic Contribution rate is correct.