Payroll
Pension 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
What We Offer
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.
Quality Sevice
Our success depends on you. We always work to you the best service possible that is specially designed for you.
Dedicated Support
At Sterling Wells, we always give our clients with the full and focused support they need in order to achieve the best possible results.
Personalised Service
Customer satisfaction is our guiding concept. By putting an emphasis on consistency and communication, we aim to complete the task.
Client Satisfaction
Customer satisfaction is our guiding concept. By putting an emphasis on consistency and communication, we aim to complete the task.
Quick Response Time
You can expect the assistance of our knowledgeable professionals to start right away.
Free Consultation
Take advantage of our free initial tax consultation, which will last for 15 minutes.
