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.

References:

https://www.thepensionsregulator.gov.uk/en/employers/increase-of-automatic-enrolment-contributions

 

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 info@claremont.co.uk or phone us on +44 (0) 1483 549314.

Further Insights

Claremont leads the way for Oracle EBS users

The R12.2 Event On Wednesday 26th March 2019, Claremont along with Fudgelearn, Oracle and Oracle University hosted a key event for E-Business Suite users in London. Recent announcements from Oracle on the future product roadmap for E-Business Suite has meant that...

Is Java still free for Oracle users?

In January 2019 Java SE 8 reached its end of support and commercial users no longer benefitted from free updates. Oracle had previously changed their Java licensing, packaging and update policy. A few of our clients have started asking questions about this as there...

Share This