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Given the current situation, is there any flexibility with the percentage of contributions we submit?

Currently there has been no change to legislation, so the current statutory minimums remain the same. If you’re currently paying …

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Our office is closing temporarily and our employees will not be paid during this time. What should we do about their pension contributions?

We don’t report companies to The Pensions Regulator unless they’re 90-days in arrears. So, if all contributions are currently up …

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Is the 80% pay promised by the government for workers who would have otherwise been laid off pensionable?

We’re currently seeking to obtain clarity from the government as to whether the wage costs reimbursed by HMRC are pensionable. …

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My employees are struggling to pay their pension contributions and we’re looking to temporarily cut costs as a company. Can we and my employees stop paying pension contributions for a set period?

Currently, The Pensions Regulator (TPR) has informed us that employers must continue to meet their auto-enrolment duties. Under current scheme …

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What are the minimum contribution levels when pensionable or total earnings basis is used?

When an employer has decided to use their own definition of pensionable pay (also known as self-certification), there are different …

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How are Sage 50 payroll handling the increase in contributions?

The Sage 50 Payroll Help Centre has support around the contribution increases and how you can change your contributions within …

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How will an increase to total minimum contributions work?

In April 2019, the total minimum contribution for automatic enrolment will increase to 8% – it’s the law. And employers …

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What’s the gross tax basis?

This is where contributions are deducted from your employees’ wages before tax is taken. You may see HM Revenue & …

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What’s the net tax basis?

Net tax basis is the default tax relief method with The People’s Pension where contributions are deducted from your employees’ …

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When an employer pays contributions for their employees, can they can claim the costs back as a tax deductible expense?

Yes – contributions to a registered pension scheme by an employer are allowable as a deduction in their trade profits …

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