This is intended for situations when a worker has a private pension and wishes to make an AVC payment in to it, but does not wish to be on the “standard” pension provided by the recruitment company (i.e. they will opt out of the government scheme).
Click Payroll and then select Definitions.
Select Deduction Maintenance and press Ctrl+I keys to create an AVC.
Set up the AVC (tab 2 and 3 are not touched, just check to ensure that it is set to deduct from the employee – the employer will have no obligation to make contributions in this scenario)
To add this to the worker:
Click Workers and select Payroll Details.
Select Standard Deduction Maintenance and press Ctrl+I keys.
Enter the required input value.
📌 Note: We would not suggest a percentage based AVC so ensure that you are using a value based AVC in this situation - see how to create a value based AVC if you are unsure of this process.
🤓 Tip: As there is no pension scheme for this private provider, payroll users will be unable to pull a report of the contributions to provide to the pension provider and will need to set up a way to report and pay across the contributions to the private pension provider that the worker has supplied.