To see whether your staff falls into this category review our blog “Auto Enrolment – Worker Categories”
Once you have categorised your member of staff as an Eligible Jobholder you need to notify them of this by letter have a peek at these guys.
The contributions to be made to the employee’s pension fund are as follows:
|From October 2012||1.0%||1.0%||2.0%|
|From October 2017||2.0%||3.0%||5.0%|
|From October 2018||3.0%||5.0%||8.0%|
If you have any questions relating to whether your staff are Eligible Jobholders and what implication this has to your business please feel free to contact us here at Cheadles. We can advise what correspondence needs sending to your staff and what steps to take next.