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Why do I need to set up a pay period?

You’ll need to pay contributions for your workers on a regular basis by using a contribution schedule. We’ll need to know how often and when you usually pay your workers so we can help you to work out when you’ll pay contributions.

For example, you could pay all of your workers weekly but pay some workers based on the hours they work from Monday to Sunday and pay others based on the hours they work from Friday to Thursday. This means you would have two separate pay periods.

We’ll use the information from your pay period(s) to create your contribution schedule dates. Each different pay period will create a separate contribution schedule.

A contribution schedule contains all the information we need so we can allocate contributions to your workers’ retirement pot.

You’ll have one single contribution schedule for all workers who have the same pay period, payment due date and payment source. If your workers have the same pay period and due dates but different payment sources, they’ll be on different contribution schedules.

If you use a payroll provider, we recommend checking the pay period dates with them before setting up the pay period so all details match. This is especially important if your payroll is based on tax periods.

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