Contributions

What are pensionable earnings?

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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What are qualifying earnings?

These are the earnings your pension contributions are usually based on if you contribute to a pension scheme. They include …

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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 minimum contribution …

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What happens to employees’ contributions when they’re on paternity leave?

Contributions can continue to be paid into the employee’s pension pot. The employer should pay the contributions based on the …

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What happens to employees’ pension contributions when on maternity leave?

Pension contributions when and employee is on maternity leave, can continue to be paid into the employee’s pension pot. The …

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What is the maximum employer’s contribution?

There’s no maximum employer contribution – employers can pay any amount of pension contributions for their employees.  If employers choose …

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What’s an earnings basis?

The earnings basis describes the type of earnings used when pension contributions are worked out. If an earnings basis other …

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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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When and how do I pay pension contributions?

You’ve 2 options to pay pension contributions – direct payment, or automated payment. For both options, you’ll need to make …

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When will the minimum contributions increase?

The minimum contributions have been introduced in three stages known as phasing. If the qualifying earnings basis is being used, …

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