Payroll bureaux register here

Auto enrolment standard

101

Meets the minimum contributions required for auto enrolment compliance on *banded earnings0-4 employees Monthly Employer Services Charge £12.50, 5+ employees Monthly Employer Services Charge £20
Auto enrolment standard

102

Same as 101 but based on **basic earnings0-4 employees Monthly Employer Services Charge £12.50, 5+ employees Monthly Employer Services Charge £20
Stepped saving

103

A phased introduction to more generous employer contributions0-4 employees Monthly Employer Services Charge £12.50, 5+ employees Monthly Employer Services Charge £20
Saving plus

104

Compliant contribution structures with total contributions of ten percent0-4 employees Monthly Employer Services Charge £12.50, 5+ employees Monthly Employer Services Charge £20
Matched saving

105

Member contributions, based on basic earnings, are matched by employer contributions within minimum and maximum amounts0-4 employees Monthly Employer Services Charge £12.50, 5+ employees Monthly Employer Services Charge £20
Contribution levels from 06 April 2019
3% Employer
5% Employee
Contribution levels from 06 April 2019
4% Employer
5% Employee
Contribution levels from 06 April 2019
6% Employer
3% Employee
Contribution levels from 06 April 2019
Total Contributions of
10% or more
Contribution levels from 06 April 2019
Flexible minimum and maximum ranges from 4.5% each
Pensionable earnings definition
Banded
Pensionable earnings definition
Basic
Pensionable earnings definition
Basic
Pensionable earnings definition
Basic
Pensionable earnings definition
Basic
Opt in and opt out management
Opt in and opt out management
Opt in and opt out management
Opt in and opt out management
Opt in and opt out management
Communication to employees
Communication to employees
Communication to employees
Communication to employees
Communication to employees

Contribution levels from 06 April 2019

The last legislated increase in contributions is 06 April 2019. Assuming no changes in legislation this would be the ongoing contribution levels

Pensionable earnings definition

The actual cost to the employer depends on many factors. The definition of pensionable earnings is the most important: it is this amount that the contribution is calculated from.

Band Earnings– between the statutory minimum and maximum limits as set out by the auto enrolment legislation
Basic Earnings – the basic earnings of the employee, excluding any fluctuating income, e.g. bonuses, commission, overtime, etc.
Total Earnings – the total earnings of the employee

Opt in and opt out management

We provide services to allow members to opt in or out, and maintain an audit trail to ensure compliance with auto enrolment legislation.

Communication to employees

We provide communication to all members of the Plan, including the statutory letters when auto-enrolment applies.

Payroll bureaux register here

*Banded earnings also known as qualifying earnings are the band of earnings on which contributions to auto enrolment are calculated. Banded earnings include bonuses, commission, overtime and any statutory pay, such as sick pay or maternity pay. For the 2019/20 tax year the band is between £6,136 and £50,000 a year. This means the first £6,136 of an employee�s earnings does not count for the purposes of auto enrolment. So if you choose our Standard plan for auto enrolment for a worker earning �20,000 a year, the amount you would calculate their pension contributions on would be only £13,864.

**Basic earnings these are the basic earnings of the employee excluding any fluctuating income such as bonuses, commission, overtime etc. The whole of the employee�s basic earnings are taken into account when calculating their contributions. So using our Plan 102 for auto enrolment for a worker earning £20,000 before overtime or bonuses, the amount we would calculate their pension contributions on would be the full £20,000. Please note: you can choose to calculate contributions in a way that meets the requirements of three 'sets' described in the legislation. See The Pension Regulator�s guidance on certification of basic pay.

*** *Initial assessment of active members takes 3 full months and therefore the £0 charge only comes into effect after the assessment has been completed. Assessments of active member numbers are performed at the sole discretion of NOW: Pensions.

NOW: Pensions has a good technical infrastructure combined with a pension product suitable for our team. We couldn’t be happier with NOW: Pensions.
Martin Woods, SALT.agency