This is a structure for your pension contributions. Our contribution models range from a simple, low-cost standard plan that meets the minimum requirements, to more generous plans with matching contributions for those who want to offer a workplace pension that’s competitive as well as affordable.
If you don’t see what you need, please call us on 0330 100 3336 (Mon to Fri, 9am-5pm), as we can offer customised plans.
|Contribution model code||Definition of pensionable earnings||Contribution levels|
|101||Qualifying||3% employer and 5% employee|
|102||Basic||4% employer and 5% employee|
|103||Basic||6% employer and 3% employee|
|104||Basic||Total contributions of 10% or more|
|105||Basic||Flexible rates starting at 4.5% for employer and employees|
You can choose to work out contributions in a way that meets one of three alternative sets of requirements. See The Pensions Regulator’s guidance on certifying schemes for more about this.