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Pensioner payroll

From speaking with support - there is no facility for pensions to be paid to members.

When pensions are paid they are only subject to PAYE tax. Employer and employee national insurance contributions are not deducted from pension income.

In addition, part of the the pension can be taken as a tax free lump sum.

With some 700,000 people retiring each year - its very surprising that Kashflow are not offering this very important facility to companies.

  • Guest
  • Sep 9 2021
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  • Leanne Oxley-Hold commented
    22 Jun 02:57pm

    Hello,

    Thank you for your valuable feedback.
    Unfortunately this is not something we have had any demand for in our product so has not been implemented. We will continue to monitor this and will consider this in the future.

    Kind Regards

    Leanne