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Update 2026 rates

Steps to configure the 2026 rates.

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Written by Onyema Onyejekwe
Updated over 2 weeks ago

After you've checked the preloaded rates, you need to update the new OAP, Social Welfare and Minimum Wage rates.

Rates

Update rates

OAP

  1. Click Settings then click Old Age Pension Rates.

  2. Click Add then enter the new OAP rates.

  3. Click Save.

Note: If you use PeopleXD Pension, to update the OAP rates within CorePension, click Reference then click Pension Social Welfare Rates.

Social welfare rates

  1. Click Settings then click Social Welfare Rates.

  2. In the Year Number field, add a year then press Enter.

  3. Click Add then enter the new social welfare rates.

  4. Click Save.

Minimum wage rates in the CSO module

You only need to update the minimum wage rate if you use the CSO module. To do this, follow the steps below in back office.
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​Note: You need to ensure that you've completed all processing in the 2024 tax year before making these changes.

  1. Click CorePay then click Core CSO.

  2. Click EHECS/NES then click Generate EHECS return.

  3. In Select Detail, select 01-Setup Parameters.

  4. Update the national minimum wage to the new value.

  5. To save the change, close the Setup Parameters window.

Minimum wage HR warning

To create minimum wage warnings, follow these steps.

  1. From the dashboard menu, select People Management.

  2. Click Data Centre then click HR Admin Setup Settings.

  3. In the search field, search for Wage warning setup.

  4. Use the tabs to create the new wage warnings as required.

Learn how to add an HR wage warning

For further details on HR wage warning, check the Wage Warning Setup user guide.


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Related Articles
Back Office: Set up pension scheme
Configure manual rate changes for year end
Add a minimum wage warning rate
Check preloaded 2026 rates
Review rate and software changes for 2026
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