Pensions

How much thought have you put into planning out your retirement years? Your employees will automatically be enrolled into a workplace pension scheme. But for directors, partners and sole traders, there’s no mandatory requirement for you to set up your own pension scheme. When it comes to planning your pension, the buck stops with you. Let’s take a...

The minimum contributions you must pay into your staff’s pension scheme are shown in the table below. Minimum contributions are being introduced gradually over time.  You will usually pay pension scheme contributions either as a fixed amount or based on a percentage of earnings. Note that minimum pension contributions only apply to wages paid above the Lower Earnings...