You mean the Employer's Sacrifice.


"Sean Ashdown" <sean[at]highflyer.me.uk> wrote in message
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"Sean Ashdown" <sean[at]highflyer.me.uk> wrote in message
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I record my employer's match on my retirement account as negative and
corresponding positive amount on the after-tax portion of my paycheck. The
negative is categorized as income ("pension match") and the positive as a
transfer to the pension account.

The purpose of doing that is to record the income as it occurs, and to
automate the transaction.
--
Chris Cowles
Gainesville, FL

Thanks Glyn,

Seems to have worked. Just as an aside my employer also contributes would I
enter this in a similar way?

Cheers
Sean


"Glyn Simpson, MVP" <glyn[at]serf.org> wrote in message
news:Ob4GMWfSGHA.2300[at]TK2MSFTNGP11.phx.gbl...
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I guess this means that you sacrifice an amount each month into the scheme.
This is transferred to another account - so setup a retirement account
first. With each payment (ie, the sacrifice), transfer the money into the
'cash' part of this account. The best way would be to transfer it from your
payslip entry (ie, put the full 'gross' amount in, and then put transfer in
the pre-tax section for the amount sacrificed).

Over time, the cash portion will develop a balance. When you get a
statement, if it details units of the fund it invests in, you can use the
statement to purchase investments.

This is exactly the same scheme as I have, although the employer contributes
to.

--
Glyn Simpson, Microsoft MVP - Money
http://money.mvps.org

Check http://money.mvps.org/faq/default.aspx for tips and fixes for MS
Money.
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I do not respond to any unsolicited email regarding Money

"Sean Ashdown" <sean[at]highflyer.me.uk> wrote in message
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Hi,
I am trying to set up a pension account in Money 2005 without much success.
My employer runs a salary sacrifice scheme and I have been a member since
2004.
Can anyone offer a step by step guide or point me to a good web site that
will show me how to set this up?
Regards
Sean