If you’re an employer with staff in an auto-enrolled pension scheme, there are a few changes to contributions in April that you need to be aware of.
Below is a summary of the new contributions for employers and their employees.
Firms with employees in auto-enrolment pension schemes will need to ensure that their schemes comply with the new minimum pension contribution requirements taking effect on 6th April 2019.
However, companies do not need to take further action if either they don’t have any staff in a pension scheme for automatic enrolment, or if they are already paying at or above the increased minimum amounts.
The contributions paid into a pension scheme by firms and their employees will vary depending on the sort of scheme in place.
If you’d like to find out more about updating your pension schemes in Oracle EBS, via a Managed Services provider that puts your interests first, contact Claremont to discover how we can help you.
Choosing the right Managed Services Provider
If you are looking for an Oracle partner who can help you with your technology investment, goes about it the right way and can back up the talk, then contact us. You can email us at firstname.lastname@example.org or phone us on +44 (0) 1483 549314.
Over the last few years its been possible to chart the decline in new functionality for 12.1 customers, while those on 12.2 seem to get all the nice new shiny things backported from HCM Cloud.
At Claremont we recruit the best and then work hard to support and develop our people to help them to be the best they can be.
The 12.2.9 release combines new features and enhancements with error corrections and statutory and regulatory updates in a consolidated, suite-wide…