Pension Increase
Pensions Increase
This is for Auto Enrolment pensions from NEST, NOW, Peoples Pension (PP) & Others
April 2018
The employee payment increases from 1% to 3%
The employer payment increases from 1% to 2%
The minimum combined contribution increases from 2% to 5%, for instance when the employer is paying all the contributions.
CalcPay will increase these figures for you when transferring from Pay18 to Pay19.
If employee Override has been used then CalcPay will increase the figures by the increase.
However in all case please check that the figures have changed appropriately.
Created with the Personal Edition of HelpNDoc: Single source CHM, PDF, DOC and HTML Help creation