The pensions component allows you to record all information required by the system to calculate contributions toward employee pension schemes.

Pension contributions made through the Pensions Ireland (Infotype 0361) are not liable for tax or PRSI. This is in accordance with the Irish tax law which states that a certain percentage of an employee‘s salary can be paid into an approved pension fund, thus reducing taxable and PRSIable pay.

There are three ways pension contributions can be calculated: