pension contribution

[shorty]

hi,,

a little help needed here.

if an employee decides to make a pension contribution of 5% of his salary and his gross salary is £5000 per month,

if i had to make a deduction for May for example am i right in calculating 5% of £5000 and then make the appropriate deduction?

or do i work out 12 multiplied £5000 then calculate 5% and divide by 12 or am i confusing matters!!!

cheers

rob

[GILL]

Rob

Either you haven't worded your question as you really meant it or your working to hard!

Both methods give you the same result of £250

Gill

[shorty]

hi.

yep i realise im reading too much into deductions when its quite straightforward really.
both give the same answer having brain droughts i think.

cheers