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UK Legislation - What is the Difference Between Payroll Balances 'Eligible Compensation' and 'Pensionable Earnings'? (Doc ID 2482064.1)

Last updated on DECEMBER 07, 2018

Applies to:

Oracle Fusion Global Payroll Cloud Service - Version 11.12.1.0.0 and later
Information in this document applies to any platform.

Goal

What is the difference between payroll balances 'Eligible Compensation' and 'Pensionable Earnings'?
What is the purpose of each of these balances and which one should be maintained as the balance to use for earnings when calculating the employees and employers pension deductions? 

Solution

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Goal
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