Glossary

Business/company type

During sign-up, we ask for an employer’s business/company type as we need to know about the legal structure or formation …

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Contributions

Paying money into a pension scheme is known as ‘making contributions’.

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Participating employer

This is the term used for any subsidiary or associated company of a Principal Employer, participating in the Scheme. In …

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Pensionable earnings – what are they?

The earnings used to calculate a member’s pension contributions are known as their ‘pensionable earnings’. They may include: basic salary …

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Principal employer

This is the term used for a single employer (company, charity, LLP.) registered via Employer Online Services to participate in …

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Qualifying earnings

Qualifying earnings are measured on a band of earnings between the lower earnings limit and the upper earnings limit (between …

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Subsidiary company

The official definition is that a subsidiary is a company whose voting stock is more than 50% controlled by another company, …

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