Fee Guide Workplace Pension Quantity

Input the number of eligible employees.  Please note that not all employees may be eligible.  If you are unsure, please watch the video/guidance note in Workplace Pension product description about eligible employees.

Qualifying earnings are set each year by government having a lower band earnings threshold and an upper band (usually up to the basic rate tax earnings threshold).

Eligible Workers: eligible for tax relief if they’re under age 75 and

  • they have UK earnings that are subject to income tax for the tax year
  • they’re resident in the UK at some time during the tax year
  • they were resident in the UK at some time during the preceding five tax years and when they joined the pension scheme.

Aged 22 to State Pension Age

  • All eligible workers earning £10,000 pa must be automatically enrolled (they can then opt out if they wish within 30 days)
  • Non eligible worker earning over lower band earnings threshold up to £10,000 pa can ask to be enrolled and IS entitled to Employer Contributions
  • Non-eligible worker earning below/up to lower band earnings threshold can ask to be enrolled but NOT entitled to Employer Contributions

Below Age 22 or over State Pension Age

  • Non eligible worker earning over lower band earnings threshold can ask to be enrolled and IS entitled to Employer Contributions
  • Non-eligible worker earning below/up to lower band earnings threshold can ask to be enrolled but NOT entitled to Employer Contributions

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