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Create Retirement Annuity

How to add a Retirement Annuity fund in Sage Payroll.

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Written by Thandiwe Khoza

Create the Retirement Annuity fund in your company settings. The contribution values that the system calculates depend on the setup options you select for the fund.


Add a Retirement Annuity fund

  1. Select Settings from the menu

  2. Select Add retirement fund

  3. Enter the Fund name (the Fund type won't be selectable)

  4. Enter a Clearance number if you have one

  5. In the Contribution type, select the option specified by your fund

  6. In the Calculation based on, select the option your fund requires

    • The system will display extra fields depending on your selection

    • Complete all required fields using the information provided by the fund

  7. Select Save

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