I am going round in circles trying to figure how to get my pension control balance.
My client is paying £100 to pension pot as a salary sacrifice so this gets deducted from his pay.
Then he goes on to pension provider website and matches this contribution paying another £100. So he will enter the £100 I show him from my payroll run (employer contribution - salary sacrifice) and then will add another £100 as employee constribution.
So from the bank £200 goes to pension provider, but on my payroll software only £100 is showing being the £100 salary sacrifice as employer pension contribution.
So in the pension control I have:
DR Bank £200
Cr Employer pension £100
How do I balance the remiaing £100? Just to let everyone know I post gross wages as the amount after the salary sacrifice. that is correct right?
Any thoughts are welcome!