What’s New in Sage 50 Payroll 2012/2013

March 7, 2012 by   - Filed under News, Payroll Software, Sage, Software

Sage 50 2012/2013 has now been released and here are the New Features in this new release.

Legislation Changes
Pension Reforms
Salary Sacrifice Schemes
Email P60s to your Employees
Solving Data Problems

 

Legislation Changes

 

As with every release of Sage 50 Payroll, this release of course accommodates the current UK Payroll Legislation regarding rates etc….

Statutory payment rates for the new tax year

  • All employees who meet the necessary qualifying conditions for SSP will be eligible to receive a rate of £85.85 per week.
  • All female employees who meet the necessary qualifying conditions for SMP will be eligible to receive:
  • The higher rate of 90% of their average weekly earnings.
  • The standard rate of 90% of their average weekly earnings, or £135.45 per week, whichever is lower.
  • All employees who meet the necessary qualifying conditions for SAP and Ordinary SPP/SPP(A) are eligible to receive the standard rate of 90% of their average weekly earnings, or £135.45 per week, whichever is lower.
  • All employees who qualify for Additional Statutory Paternity Pay (ASPP) or Additional Statutory Paternity Pay (ASPP(A)) will receive the standard rate of 90% of their average weekly earnings, or £135.45 per week, whichever is lower.

PAYE rates and bandwidths

From 6 April 2012, the PAYE rates and bandwidths are as follows:

Bandwidth From To Rate (%) Basic Rate
                        34,370.00            0.01    34,370.00 20.00                      Yes
                     150,630.00 34,370.00  150,000.00 40.00                       No
                         excess 150,000.01 excess 50.00                       No

Note: There may be further changes to the PAYE bandwidths later in the tax year. 


NI rates and bandwidths

NI rates and bandwidths for the 2012/2013 tax year are as follows:

Earnings Limit Weekly Monthly Yearly
Lower Earnings Limit (LEL) 107.00 464.00 5564.00
Standard Threshold (ST) 144.00 624.00 7488.00
Primary Threshold (PT) 146.00 634.00 7605.00
Upper Accrual Point (UAP) 770.00 3337.00 40040.00
Upper Earnings Limit (UEL) 817.00 3540.00 42475.00

From April 2012

  • Employees can no longer contract out of the state pension using a COMP scheme. These schemes use NI categories F, G and S. Employers should have been notified in advance about these changes. It may be necessary for you to change the details of the pension scheme you operate. You should also check the NI category used in the employee’s record. Please contact your pension advisor for advice.
  • The Child Maintenance and Enforcement Commission (CMEC) is responsible for child maintenance in the UK. This includes statutory responsibilities for the Child Support Agency (CSA). From April 2012, deductions from earnings orders (DEO) for child maintenance will be issued by CMEC. 
  • From 6 April 2012, the student loan repayment threshold rises by 5.3% to £15,975. 

Pension Reforms

If your company operates a pension scheme, you can set up your software so that the pension contributions are automatically deducted when your employees are paid. There are many different types of pension schemes, each with specific rules on how they operate. Before you set up your software, you need to know exactly what type of scheme your company operates.

With Sage 50 Payroll you can:

  • Use the pension schemes provided for you, or create your own.
  • Automatically calculate both employee and employer pension contributions.
  • Deduct a fixed or percentage pension amount.
  • Set up a salary sacrifice pension scheme. This is a feature of Sage 50 Payroll 2011 and above.
  • Fulfil your employer obligations by operating a pension scheme that meets the conditions specified by the Pensions Regulator.
  • Display the pension contributions on your employee payslips.
  • Print a number of different pension reports. For example, details of all your company pension schemes. 

 Please bear in mind that:

  • From April 2012 employees can no longer contract out of the state pension using a COMP scheme. These schemes use NI categories F, G and S. Employers should have been notified in advance about these changes. It may be necessary for you to change the details of the pension scheme you operate. You should also check the NI category used in the employee’s record. Please contact your pension advisor for advice.
  • From October 2012 employers must ensure that all employees have the opportunity to save for their retirement through a suitable occupational pension scheme. To fulfil this requirement, the scheme provided must meet the conditions specified by the Pensions Regulator.

Salary Sacrifice Schemes

Salary sacrifice arrangements provide employees with the opportunity to exchange part of their gross salary for a non-cash benefit. These arrangements can be financially beneficial for both the employee and the employer, as they can reduce the amount of tax and NICs owed to HMRC.

Using Sage 50 Payroll, you can deal with the following salary sacrifice arrangements:

  • Pension schemes.
  • Childcare deductions (new for 2012/2013).
  • Fixed amount salary sacrifice arrangements, such as cycle to work schemes (new for 2012/2013).

Email P60s to your Employees

If an employee has agreed to have their P60 and payslip emailed to them, you can now select the Send via email check box and enter the date it was agreed. Working with lots of employee records? You can do this quickly using the Global Changes option.

Enter the employee's email address as well as a password to protect the electronic document (PDF) in the email. The employee must enter the password before they can open the document.

To save time, you can set up a structure that creates the email address and password for you. The structure can be applied to more than one employee at the same time.

Note: If the employee has an email address entered in the Personal tab, the address appears in the Send to box. You can change it if required.

Solving Data Problems

Sage UK have now greatly improved the way that information about your Sage Payroll software is displayed and made it much easier for you to provide that information to either Sage's Support Team or your Sage Business Partner should you need to obtain assistance with your Sage 50 Payroll software. 

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Comments

One Comment on "What’s New in Sage 50 Payroll 2012/2013"

  1. karen nichol on Fri, 9th Mar 2012 2:19 pm 

    Hi, I have received my 2012 payroll upgrade this week, only to find that my computer does not meet the system requirements anymore.  I now find that I must either buy a new computer or upgrade my current one with a maximum of 4 weeks timescale.  Has anyone else had the same problem?

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