A Guide to Calculating Pensionable Earnings for Employers
Employee Benefits
SEPTEMBER 6, 2023
At present, both companies and employees must contribute a minimum of 8% of pensionable earnings to an auto-enrolment pension scheme, split 3% from the employer, 4% from the employee and 1% as tax relief. Consider an employee with an annual salary of £38,000 and a £2,000 bonus. Employee contribution (inc. Employee contribution (inc.
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