Contributions

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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If we’re using postponement can we delay the minimum contribution increase by up to three months?

No, the increase to minimum contributions cannot be delayed. You must pay these increased minimum contributions after 6 April 2018 …

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We’re using salary sacrifice – what happens when the minimum contribution rates increase?

A higher percentage of employees’ salaries will need to be sacrificed to meet the new minimum contribution rates. Your payroll …

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What happens when the contribution rates increase if we’re using contractual enrolment?

If you’re before your staging date you don’t have to meet the automatic enrolment minimum contributions. If you’ve passed your …

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Where can I find more information about the increases to minimum contributions?

You can find more information about the forthcoming increases in minimum contributions on The Pensions Regulator’s website.   Read what …

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Will The People’s Pension inform my employees their contributions will be increasing?

There is no legal requirement or additional duties for you to write to your staff about the increases. When a …

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