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Payroll

Pension Compliance

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

Compliance

How much pension contribution is required?

Required in Pension Compliance

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).

Salary and wages

Commission

Overtime

Statutory maternity pay and ordinary or additional statutory paternity pay

How does the pension enrollment mechanism work?

Mechanism for Pension Compliance

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:

National Employment Savings Trust (NEST)

Creative Pension Trust

The Lewis Workplace Pension Trust

NOW: Pensions

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We provide personalized accounting and tax advising services, in contrast to many other accounting firms?. We distinguish ourselves from the competition by our expert service and outstanding offerings?.

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Quality Service

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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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