Your deduction date is your due date for taking contributions out of your workers’ pay.
You’ll need to choose and set a deduction date for each of your payrolls.
By law, you must pay the contributions into now:pensions by the 22nd of the month after each deduction date.
now:pensions will use your deduction date to monitor your payments and work out if any are in danger of being late.
How to set your deduction date
You can set your deduction date when you’re first setting up your payroll. Log in to now:u and go to Payrolls. Under Add new payroll, put in a name for your payroll.
Choose your payroll frequency. This is important as your deduction date depends on your payroll frequency.
If your payroll frequency is weekly, four-weekly or quarterly
You can choose a deduction date that’s a certain number of days before or after the end of your pay period.
Tick Relative to the frequency and choose the number of days before or after.
If your payroll frequency is monthly or four-four-five
You can make your deduction date the same day each month. Tick Specific day to choose.
If you don’t choose another date, your deduction date will be set as the last day of the month.
Changing your deduction date
Go to your Payrolls page, choose the Edit pencil icon in the deduction date column and choose the day of the month you want.
