Employee savings for salary sacrifice pensions

Is there any way to configure the system to convert employee savings as a result of salary sacrifice? I’m aware the system calculated as add the employer savings but for our scheme we also calculate the employee savings too.

Details below:

Convert employee savings

Select either Yes or No.

If you select No:

The employee savings generated through exchanging salary are not converted to pension contributions.

• The employee’s gross yearly salary will reduce by only the amount of the contribution being exchanged. Their take-home pay will increase as they’re paying less income tax and National Insurance contributions.

• As the employee’s gross yearly salary will reduce by the amount of the exchange, the cost to the employer will also reduce as they’ll pay less National Insurance contributions.

• Pension contributions will remain the same and the employer takes on the responsibility for paying the pension contributions.

If you select Yes:

The employee savings generated through exchanging salary are converted to pension contributions.

• The employee’s gross yearly salary will reduce by slightly more than the amount of the contribution being exchanged so that their take-home pay will stay the same.

• As the employee’s gross yearly salary will reduce, the cost to the employer will also reduce as they’ll pay less National Insurance contributions.

• Pension contributions increase as savings are redirected to the employee’s pension plan. The employer takes on the responsibility for paying the pension contributions.