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While the onus is on employers to pay their employees correctly, there is some responsibility on the employee to make sure that any variable payments, such as overtime or commission, are paid. Certain National Insurance contributions rates will rise by 1.25% from April 2022, as part of a new Health and Social Care Levy.
As an employer, you’re obliged to provide your staff with a workplace pension – a mandate made compulsory by the UK government in 2012. The government’s pension commission has suggested that individuals should aim for an annual retirement income comprising of 60-70% of their current income.
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