Enables you to maintain AVC contribution figures. This window is automatically populated if the Pensions module is run as part of an integrated HR system.

The upper part of the window shows basic details about the AVC scheme. Use the lower part to enter or view fund history.

General

Post Number

Enter the post number to which the contributions relate, or click WINDOW to select the required post. A post of ‘Employee’ is always available if other posts are not being used.

Tax Year

Fund contributions can be held on either an annual or period basis. Enter the year to which they relate in the format ‘YYYY’. For example, for the tax year 1995/96, enter 1995.

Tax Pr

Enter the tax period to which the contributions relate. These may be either weekly or monthly periods.

If you are entering an annual amount rather than a period amount, leave this field blank.

Amount Period

Enter the contributions deducted for the tax period specified in the previous field. If you are only recording the annual contributions, enter this figure in the column Annual.

Amount Annual

If you are recording the annual contributions deducted, enter the figure.

The facility is available to consolidate period contributions into an annual figure. Use the function Pay Element History Consolidation to carry out this process. When it is run, an annual value is shown as well as the period contributions.

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