payback.ie
http://paybackieforum.azurewebsites.net/

How to correctly set up CWPS (and other) pensions
http://paybackieforum.azurewebsites.net/viewtopic.php?f=3&t=103		 Page 1 of 1
Author:  eamon [ ]
Post subject:  How to correctly set up CWPS (and other) pensions
In order for Pension deductions to appear in the P35LF report you must ensure the deductions are set up as 'pension' types otherwise Payback won't know they are pensions and they won't appear on the P35LF.

- On the 'Company' screen, go into the 'Deductions' tab.
- Add a new deduction row, enter the desired description e.g. 'CWPS Pension'
- On the right-hand side there is a column called 'Type', click the drop-down for the row and ensure the correct pension type is selected (e.g. for CWPS pensions, the type should be set to RBS - Retirement Benefit Scheme)

If required, the same procedure can be carried out on the Employee / Deductions grid by clicking the 'Details' button on the right-hand side of the grid and checking the 'type' column.

The important thing is to make sure that an appropriate pension type has been selected for the deduction, otherwise Payback will just treat it like a normal deduction and it won't appear on the P35LF.
Author:  eamon [ ]
Post subject:  Re: How to correctly set up CWPS (and other) pensions
Hi there,
sorry to go back to this again but when setting up CWPS Pension in Company, Deductions, what boxes should be ticked, eg Tax and Hols, etc. Also as regards setting up CWPS Sick Pay, what is the correct setting for "Type" and also for the tick boxes?

Hope this makes sense!!

Many thanks

Lorraine B
Author:  eamon [ ]
Post subject:  Re: How to correctly set up CWPS (and other) pensions
Lorraine B wrote:
sorry to go back to this again but when setting up CWPS Pension in Company, Deductions, what boxes should be ticked, eg Tax and Hols, etc. Also as regards setting up CWPS Sick Pay, what is the correct setting for "Type" and also for the tick boxes?


Check the settings for the other Pension elements, and copy these. Also, set the pension type and sick pay to RBS.
Author:  eamon [ ]
Post subject:  Re: How to correctly set up CWPS (and other) pensions
More information about the construction workers' pension scheme can be found here:
http://www.cwps.ie

The rates to use are here:
http://www.cwps.ie/rates/

The Pension and Death in Service portion of the contribution is allowable for PAYE/PRSI and is deducted from gross salary.
To set this up in Payback, go to the Employee screen, select the employee and click on the Deductions tab. Click the 'More>>' button so that you can see all the columns in the deductions grid.
Add the following deductions:

Code:
Description               EE%         EE Amount      ER%            ER Amount     Type      Tax           Hols
Pension                   unticked    19.20          unticked       28.79         RBS       unticked      ticked
Death in Service          unticked    1.11           unticked       1.11          RBS       unticked      ticked
Sick Pay                  unticked    0.69           unticked       1.37          RBS       ticked        ticked


Click Update employee to save your changes.
Page 1 of 1 All times are UTC
Powered by phpBB® Forum Software © phpBB Group
http://www.phpbb.com/