Latest updates
These are the details for Capital Gold Payroll (4.08.01).
Version |
4.08.01 |
Released |
Apr 20 |
Summary |
This release includes the new Local Government Pension Scheme (LGPS) contribution table and Teachers Pension bands (effective 1 April 2020), the new Scottish Tax Tables, (effective 11 May 2020) for the 2020-21 tax year. There is also an amendment to the weekly amount for the qualifying lower earnings threshold to £120 for Auto Enrolment. |
Contents
Pensionable Pay |
Contribution Rate |
|---|---|
Up to £14,600.99 |
5.5% |
£14,601.00 to £22,800.99 |
5.8% |
£22,801.00 to £37,100.99 |
6.5% |
£37,101.00 to £46,900.99 |
6.8% |
£46,901.00 to £65,600.99 |
8.5% |
£65,601.00 to £93,000.99 |
9.9% |
£93,001.00 to £109,500.99 |
10.5% |
£109,501.00 to £164,200.99 |
11.4% |
£164,201.00 or more |
12.5% |
Pensionable Pay |
Contribution Rate |
|---|---|
Up to £22200.99 |
5.50% |
£22201.00 to £27100.99 |
7.25% |
£27101.00 to £37200.99 |
8.50% |
£37201.00 to £49600.99 |
9.50% |
£49601.00 or more |
12.00% |
Annual Salary Rate for the Eligible Employment from 1 April 2020 |
Contribution Rate |
|---|---|
Up to £28,168.99 |
7.4% |
£28,169 to £37,918.99 |
8.6% |
£37,919 to £44,960.99 |
9.6% |
£44,961 to £59,587.99 |
10.2% |
£59,588 to £81,254.99 |
11.3% |
£81,255 and above |
11.7% |
|
Effective 11 May 2020 |
|
|---|---|---|
Starter rate |
19% |
£1-£2,085 |
Basic rate |
20% |
£2,086-£12,658 |
Intermediate rate |
21% |
£12,659-£30,930 |
Higher rate |
41% |
£30,931-£150,000 |
Top rate |
46% |
Over £150,000 |
PRP |
Weekly |
2 Weekly |
4 Weekly |
Monthly |
Yearly |
|---|---|---|---|---|---|
Lower Level |
£120 |
£240 |
£480 |
£520 |
£6,240 |
Earnings trigger |
£192 |
£384 |
£768 |
£833 |
£10,000 |
Upper level |
£962 |
£1,924 |
£3,847 |
£4,167 |
£50,000 |
PRP = Pay Reference Period, Lower level = Lower level of qualifying earnings, Earnings trigger = Earnings trigger for automatic enrolment, Upper level = Upper level of qualifying earnings
The late call for a general election has delayed the release of the budget for financial year 2020/2021. The government have since confirmed that the budget will be delivered on 11th March 2020.
The budget defines the proposed changes to a range of factors affecting payroll, and therefore this will delay the delivery of the details.
The new Rates & Bandwidths will be released in a separate guide Payroll_Upgrade_2020_Rates_Bands_Guide.pdf available on the Pegasus Help Centre.
Capital Gold Payroll PDF guides are available in the User Guides section at docs.pegasus.co.uk.
PDF Guide |
Description |
|---|---|
Update Teachers’ Pension Guide |
Changes for Teachers’ pensions. |
Legislation & product changes guide |
This Legislation & product changes guide is in PDF format, and in HTML format so that it can be read in your web browser. |
Installation guide |
This PDF guide helps with installation of Capital Gold Payroll. |
Checklists guide |
This PDF guide describes the steps necessary to upgrade to Capital Gold Payroll (4.07.00), and then complete the payroll year-end and start the new tax year. |
Auto Enrolment guide |
This guide provides information on how Capital Gold Payroll can help you carry out Auto Enrolment responsibilities. It covers how your payroll software can help you with Automatic Enrolment, pension funds, and pension deductions. |
Auto Enrolment Configuration Tool guide |
This guide explains how to use the Auto Enrolment Configuration Tool in Capital Gold Payroll. |
Rates and Bands guide |
This guide explains the new rates and bands for NI, PAYE and Statutory Payments for the new tax year. |