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  1. Payment Files - Option to edit beneficiary on BACS file (remove PAIDOK)

    27 votes

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    submitted  ·  7 comments  ·  Payroll & expenses » Employees  ·  Admin →
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    Sandra An commented  · 

    It doesn't seem to be the case. The bank actually shows the company's name when we receive wages. PAIDOK only shows on payee details

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    Sandra An commented  · 

    We also have this issue. Is there a way company name shown on the bank statement not PAIDOK?

    Sandra An supported this idea  · 

  2. UK Payroll - Include salary sacrificed contributions in direct pension filings

    6 votes

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    2 comments  ·  Payroll & expenses » Payroll  ·  Admin →
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    Not in pipeline  ·  AdminDavid Reynolds (Admin, Xero) responded

    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.