Pensions is an area around which the rules and regulations appear to be constantly evolving. Undoubtedly, both primary and secondary legislation introduced by successive governments has created significant changes to payroll processing requirements.
The NHS pension scheme has undergone a notable change recently, whereby – as of the start of 2017/18 – employers have had to pay an extra 0.08% in employer contributions per member. This has had the effect of raising the employer contribution rate from 14.30% to 14.38%, with effect from 1 April 2017.
The stated reason for the increase is to cover the costs of administering the scheme, hence the 0.08% rise being dubbed the ‘Administration Levy’.
At Dataplan, we ensure that we are well-versed in rule changes concerning any and all of the pension schemes that we apply on behalf of our clients, priding ourselves on expert knowledge in this area.
We recognise the complexity of pensions as an aspect of payroll management – and, with our dedicated Pensions Team and investment in professional qualifications within this area, we are committed to ensuring our clients receive the first-class pensions service they deserve.
To chat to a Dataplan pensions hero today, then feel free to call us on 03331123456.