This guide will walk you through how to set up your Penfold pension scheme in Brain Payroll.
1. Add a new pension scheme
Go to Company Settings
Select Pensions / Auto Enrolment
Click Add New Scheme
Enter scheme details (Penfold, Defined Contribution, Auto Enrolment)
2. Configure contributions
Select Qualifying Earnings
Set Employee: 5%
Set Employer: 3%
Confirm thresholds if required
3. Assign employees
Go to Employee List
Open employee record
Assign Penfold scheme
Confirm enrolment status