The Pension Limits (UK) tab in Payroll Setup > Deferred Compensation and Pension Plans is divided into two main sections. On the left, there is a collapsible sidebar displaying a list of existing pension limits, as well as a Filter icon and a Collapse icon. On the right, there is the section displaying the selected limit, as displayed in this screenshot:
In the section to the right, the following details about the selected limit are displayed:
Section or Control | Description |
---|---|
History | This list at the top of the section shows the limits that were applied in the past, with their effective dates. |
Start Date | Enter the date the limit takes effect. |
End Date | Enter the date the limit stops being applied. |
Pay Group | Specifies which pay group the limit applies to. |
Legal Entity |
Specifies which legal entity the limit applies to. |
Employee Group |
Specifies which employee group the limit applies to. |
Pension Cap Based On |
Select one of the following options:
|
Reference Code |
Specifies the XREF code used for export and import. This code is also used to identify the limit in the sidebar of the Pension Limits (UK) tab. See Cross-Reference Codes. |
Amount | Enter the custom amount that you want to limit pension contributions or earnings to. |