Skip to main content

Get 50% OFF QuickBooks for 3 months*

Buy now
Switch to QuickBooks and 70% off for 3 Months
June 1, 2020
Question

Running payroll, the employees pension seems to be calculating it at 4%? Should be 5% per settings, I'm I missing something? April the same when I looked back

  • June 1, 2020
  • 1 reply
  • 0 views
No text available

1 reply

Level 13
June 1, 2020

Hi needaccountshelp, 

 

If the pension taxation method is set to Relief at Source then this will calculate the deduction after tax relief. The basic rate of tax relief is 20%, meaning the pension will calculate at 4%. 

 

Thanks