Pension Pay Element Schedule
Create a pay element schedule for the Employee pension pay element
From January 2026, the minimum employee pension contribution will increase from 1% to 1.5%.
This guide will show you how to:
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Create new pension pay elements for the updated contribution rate.
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Use the Pay Element Schedule to automatically apply the new rate from the start of 2026.
By following this guide, you’ll be able to set everything up in advance so that employee payslips automatically reflect the new 1.5% contribution from January 2026.
It is important to note that you will need to manually delete the current 1% pension elements from employee pay templates after your final December 2025 pay run.