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Simon56
Level 1

Making an employer one off pension contribution into a SIPP

How do I record an employer one off pension contribution into a SIPP in Quickbooks online
5 REPLIES 5
Ashleigh1
QuickBooks Team

Making an employer one off pension contribution into a SIPP

Hello Simon56, Thanks for posting on the Community page, in order to answer tout question we need to know which payroll it is you are using in QuickBooks is it standard payroll or advanced payroll?

Simon56
Level 1

Making an employer one off pension contribution into a SIPP

Hi Ashley 

I am using the Quickbooks standard payroll

Thanks

Simon

ChristineJoieR
QuickBooks Team

Making an employer one off pension contribution into a SIPP

Hello there, @Simon56.

 

I'm here to share details on how to record employer pensions to QuickBooks Online Standard Payroll.

 

Under the Pensions Act 2008, every employer in the UK must put staff into a workplace pension scheme and contribute towards it. It is called automatic enrolment. If you employ at least one person you are an employer and you have certain legal duties.

What you need to do next will depend on whether you're about to start your automatic enrolment duties or whether you're coming back for re-enrolment.

 

Check out the Pensions Regulator website for more information and guidance on choosing a workplace pension scheme, employer duties, communicating with employees, and more.

 

I'm adding this article to help you set workplace scheme: Set up workplace pensions in QuickBooks Online Standard Payroll.

 

We are open for assistance 24/7 here in the Community. Feel free to come always.

PaulRudin
Level 2

Making an employer one off pension contribution into a SIPP

In the case of a sole director company there is no requirement to auto-enrol (or even to set up a pension scheme), but it still might be that you want to make ad hoc pension contributions to a SIPP for the sole director. How is this best handled in quickbooks? Just ignore the pension settings in the payroll section and record the payments as any other expense? Or setup something in the payroll section?

AbegailS_
QuickBooks Team

Making an employer one off pension contribution into a SIPP

Thanks for joining Paul. Allow me to provide additional information.

 

On your pension settings on your employee details profile, you can follow these steps for not assessed > which one applies to X > exclude if you want to record an employer-off pension into a SIPP in Quickbooks online.

 

On the other hand, you can reach out to your accountant to further assist you in recording the payments and how to make ad hoc pension contributions to a Self-Invested Personal Pension (SIPP)

 

Here are some articles that you can read and learn more about workplace pensions:
 


If you have any other questions about the employer's contribution, you're always welcome to post here anytime. Keeping you in working order is my top priority. Stay safe and have a good one!

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