UK Payroll - Include salary sacrificed contributions in direct pension filings
In XERO as at today when you set up a salary sacrificed arrangement, the amount being sacrificed by the employee will be added onto the employer's contribution and appear under the employer's field for reporting purposes.
But when you need to submit the pension report to the pension provider portal you will need to separate employee and employer contribution. It will be much easier to download the report, at least from the pension filings option, that shows all the breakdown of all information as it needs to be so it can just be uploaded in the pension provider portal without having to make manual adjustments in the report.
Thanks,
Vasilis
Vasilis Thoniatis
shared this idea
Hi there, we appreciate you raised this a little while ago.
Under a salary sacrifice agreement, an employee agrees to give up a portion of their gross pay in exchange for a non-cash benefit. By categorising these as employer contributions, both the pension provider and HMRC recognise the amount as exempt from National Insurance. We don't currently have plans to change this reporting structure.
As this idea hasn't gained much community support, we’ll soon be removing it from Product Ideas. However, you're welcome to submit it again in the future to see if there is renewed interest.
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Sandra An
commented
Same with us. We need a report for separate employee's pension figure.
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Sally Townsend
commented
This caused us huge amounts of extra work with our pension provider