Under the current pension regulations, every employer in the UK must put certain staff into a workplace pension scheme and contribute towards it. This is called ‘Automatic Enrolment’. Sterling Wells have a dedicated pension compliance team to help you comply with the pension regulations
The minimum contribution by the employer in the pension scheme is 3% of the staff earnings. The total minimum contribution is 8% (which means employees have to contribute 5% on top of 3% employer’s contribution).
The first thing to do before making the pension contribution is to choose the pension scheme and register with the pension scheme. Following are the most common pension providers for small companies:
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Customer satisfaction is our guiding concept. By putting an emphasis on consistency and communication, we aim to complete the task.
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