A Guide to Calculating Pensionable Earnings for Employers
Employee Benefits
SEPTEMBER 6, 2023
Basic pay method This method involves using the employee’s base salary or wages, inclusive of holiday pay, but excluding additional earnings like overtime or bonuses. Book a demo of Penfold today. Employee contribution (inc. tax relief): £1,688 Total contribution: £2,700.80 Penfold’s workplace pension makes things easy.
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