You are here: Modules > Administration > Payroll > Pension Setup Wizard > Pension Code

Pension Code

This screen allows the user to set the deduction code.

(Hover over with your mouse to see the sample image in full size.)

Prerequisites

Rules and Guidelines

  • Select the deduction code for your pension. If this is on AE Scheme, you can also set a withholding or refund code.
  • Validation and Save are performed upon clicking Next.
  • Fields that are marked with red asterisks (*) are mandatory.

Field Information

ClosedPrimary Deduction Code*

This lists the deduction codes that can be selected which ranges from '500' to '999'.

This field is restricted with Pension Type Codes 'ABC', 'EFG', 'S', and '%'.

This defaults to '592' if the Scheme is qualifying or non-qualifying while '570' for AE Scheme.

ClosedRefund Code

This field is only enabled for AE Schemes. This defaults to '572'.

ClosedAssociated AVC Code

This is field is only enabled for Output Types of 'TRG', 'Scottish Widows', or 'Generic'.

 

Select Next >> to continue with the workflow or << Back to go to the previous screen. Cancel closes the Wizard.

Click this link --> Pension Setup Wizard if you want to go to the Wizard's Help.