A Guide to Calculating Pensionable Earnings for Employers
Employee Benefits
SEPTEMBER 6, 2023
It is the portion of the employee’s salary that is used to determine the pension contribution. 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. Employee contribution (inc.
Let's personalize your content