Employee's Pension Contributions

Accounting
1

Hello,

Our company has recently started paying pension contributions, but I’m not sure how to tag the payments to NEST.

I have read this guide: Processing Pension Contributions
but it seems to deal with sole traders and just employer’s contributions. We are a limited company, with employees and directors, and the NEST payments include both employee’s and employer’s contributions, for employees and directors.

Do I need to create a new nominal account for employee’s contributions?

Help would be appreciated!

Thanks,
Jason

2

You can create new nominal if you like

3

Thanks. Is that the normal way of doing this, or do most people shove everything under the existing nominal?

4

Its good to be organised and keep separate nominals for key items