Due to legislation changes Jobline Staffing use NEST as our Pension Provider.
Legal obligation to re-enrol workforce every 3 years despite whether they have previously Opted-Out.
You can choose to Opt-Out again by contacting NEST directly on…………………….
Re-enrolment date will be …………………………………..
Minimum pension contributions
Minimum contributions are based on what’s known as ‘qualifying earnings’. Qualifying earnings are a section of a worker’s pay. For the 2019/20 tax year this is everything over £6,136 and up to £50,000. The qualifying earnings band is reviewed by the government each year.
Workers who earn at least as much as the lower threshold each year are entitled to a minimum contribution into their retirement pot.
For the 2019/20 tax year, the workers minimum contribution rate will be 5 per cent, 1 per cent of this is paid by HMRC as basic rate tax relief.