Pension
The pension entity represents the default configuration of an employer's pension scheme; it is a revisable object so that changes to the scheme over time are correctly represented in the payroll history. See revisible objects for more information on revisions and how they work.
Pension [Schema]
| Name | Type | Required | Description |
|---|---|---|---|
| EffectiveDate | xsd:date | yes | The date the revision will come into effect. |
| Revision | Revision | no | The revision number of the pension scheme; this is a readonly system generated value. |
| Code | SystemCode | no | Allows an override of the default pay code used by the pension scheme. |
| SchemeName | xsd:string ( max: 250) | yes | The name of the pension scheme. |
| ProviderName | xsd:string ( max: 250) | yes | The name of the pension provider. |
| ProviderEmployerRef | xsd:string ( max: 100) | yes | The reference issued by the pension provider. |
| Group | xsd:string ( max: 100) | no | The group name within the pension scheme. |
| SubGroup | xsd:string ( max: 100) | no | The sub-group name within the pension scheme. |
| EmployeeContributionCash | Money | no | The employee's gross cash contribution. |
| EmployerContributionCash | Money | no | The employer's gross cash contribution. |
| EmployeeContributionPercent | Percentage | no | The employee's percentage contribution from their pensionable pay. |
| EmployerContributionPercent | Percentage | no | The employer's percentage contribution from the employee's pensionable pay. |
| LowerThreshold | Money | no | The lower earning threshold; only pensionable pay above this value will be included for calculating contributions. Thresholds are predominantly used for triggering Auto Enrolment contributions; see Auto Enrolment for more information.. |
| UpperThreshold | Money | no | The upper earning threshold; only pensionable pay below this value will be included for calculating contributions. Thresholds are predominantly used for triggering Auto Enrolment contributions; see Auto Enrolment for more information.. |
| TaxationMethod | PensionTaxationMethod | yes | The taxation method to use when calculating pension contributions; this should be mandated by your pension provider. |
| ContributionDeductionDay | DayOfMonth | no | The normal day of the month when contributions will be deducted. |
| SalarySacrifice | xsd:boolean | yes | The salary sacrifice option. Used to indicate if the pension scheme employee contributions should make use of salary sacrifice. |
| ProRataMethod | ProRataMethod | yes | The pro-rata method option to be used; the default is not set. See Pro-rata Calculation Methods for more information. |
| RoundingOption | RoundingOption | no | The rounding option to use when calculating pension deductions from both employee and employer; default is Bankers. |
| AECompatible | xsd:boolean | yes | The Auto Enrolment compatibility indicator. Used to indicate if this pension scheme is compatible with auto enrolment requirements. |
| UseAEThresholds | xsd:boolean | yes | The Use Auto Enrolment Thresholds indicator. Used to indicate if this pension scheme uses the auto enrolment thresholds. |
| PensionablePayCodes | SystemCode (list of) |
yes | The list of pay codes that contribute to the pensionable pay amount. |
| QualifyingPayCodes | SystemCode (list of) |
yes | The list of pay codes that contribute to the qualifying earnings pay amount. |