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UK PAY: Issue in Balances in Pension Calculations....
Hi Everyone,
I am facing a peculiar issue in the calculation of employee and employer contributions of a Pension Scheme.
I have a Pension Scheme(lets call it Pension_Scheme1). It is of type Salary Exchange. The employee contributions are negative earnings.
Element -> Pension_Scheme1-> Classification Earnings
I have to check in the formula if the Gross_Pay for the Pay period is -ve, and if so the EE and ER contributions should not take place(ie. EE & ER conts = 0). If Gross_Pay is +ve then they should take place.
Now if I have 4 earnings in the curent Pay period as follows then,
I am facing a peculiar issue in the calculation of employee and employer contributions of a Pension Scheme.
I have a Pension Scheme(lets call it Pension_Scheme1). It is of type Salary Exchange. The employee contributions are negative earnings.
Element -> Pension_Scheme1-> Classification Earnings
I have to check in the formula if the Gross_Pay for the Pay period is -ve, and if so the EE and ER contributions should not take place(ie. EE & ER conts = 0). If Gross_Pay is +ve then they should take place.
Now if I have 4 earnings in the curent Pay period as follows then,
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