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Cost Calculator

Use this calculator to work out how much automatic enrolment might cost your business. Try our other calculators to see how these costs could be restrained.

Help The number of employees who will be eligible for automatic enrolment. Use the total number of employees if you aren’t sure about eligibility
Help The average annual earnings for someone employed by your company
Help The percentage of pensionable earnings paid by pension scheme members, this includes the tax relief received
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Help The percentage of pensionable earnings paid by the company
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Help This selects how much of a scheme member's earnings are used for calculating pension contributions. Band is a range suggested by the government, roughly the same as the main NI band. Total means that pension contributions are paid on all earnings
%
Help How many of your staff you think will opt out of the pension scheme. Some surveys suggest that 20% to 30% is a likely figure
%

Disclaimer

The assumptions are based upon our understanding of current legislation

Calculations are based on band earnings as known at 1 June 2011. The band will be updated in January 2012.

Figures are for illustrative purposes only and do not constitute any form of financial advice