Contributions must be deducted by net pay method (before income tax) as NatWest Cushon will not apply tax relief on employee contributions. The only exception to the aforementioned is when salary exchange is used for any employees. Contributions are only invested by Cushon once the opt-out period has elapsed. Contributions are only to be zero if:
- The employment status is ‘Unpaid Maternity’.
- The Pensionable Earnings are zero, or fall below the Automatic Enrolment Qualifying Earnings threshold.
- The last contribution has been paid on a previous report and the employee is now being marked as a Leaver).