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Payments to make after running payroll
Payments to make after running payroll
Rebecca Russell avatar
Written by Rebecca Russell
Updated over a week ago


Now you have run payroll, it is time to think about the different payments for that month. The dates at which these payments are due will differ depending on who you are paying and how you have set up to pay them.
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There are 3 main payments that will need to be paid every month:

Employee salaries

You will have decided how, and when, your employees will be paid and PayFit will have calculated the amounts you need to pay each employee.
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If you require a bank file to make these payments PayFit can provide you with this the day after you have ran payroll https://support.payfit.com/en/articles/62513-bank-files. Some bank files take longer to process than others, so make sure there is sufficient time between your payroll day and payday.

If you use Telleroo then PayFit can make these payments for you but you must ensure you have deposited sufficient funds in your Telleroo account for the payment to be processed.

Pension Provider

You will have arranged a payment due date for your pension provider to take the contributions from your account.
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NEST

The contributions will automatically be taken from the arranged payment source on the payment date you have set.

People's Pension

You are able to set a payment date for payments to be collected automatically. These payments will be taken even if there are not sufficient funds and you can then credit your account at a later date.

Smart Pension

Once your Direct Debit with Smart Pension is active they will automatically attempt to take payment on the 7th of the month after the pay period end date.
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Smart pension do not take the contributions of members who are in their opt-out period until they have reached the end of this opt-out period without leaving the scheme. If an employee's opt-out period ends between 6th-15th of the month then their contributions will be taken on the 17th of that month, and the 27th of the month if the opt-out period ends between the 16th-25th.

Other

Most pension providers will allow you to set your own payment date which you should then be able to see within your pension account. If you have not been able to set one and wish to know when payments will be taken then you can contact your pension provider and they will be able to tell you.

HMRC

The total you are required to pay the HMRC each month is calculated by the income tax, student loan repayments and employer & employee NI you owe from the previous tax month, minus any reductions sent on an EPS (parental leaves, employer allowance amongst others).
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PayFit will calculate this total for you and you can view it in the 'Payments to make' section of your PayFit account. You can also see a breakdown of the total by clicking on 'see details' on the right-hand side.
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​The deadline for HMRC payments is the 22nd of the month - you may have to pay a penalty if you miss this deadline. Additionally, make sure to pay this bill 2 business days before the 22nd to allow HMRC to process the payment

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