Join BKN

Join BKN
Join BKN

Vote for a 2014 BKN Bookkeeping Award Winner

Join BKN

Post Info TOPIC: Auto-enrollment query


Senior Member

Status: Offline
Posts: 111
Date:
Auto-enrollment query


Does anyone know: when auto-enrollment comes in next year will employer NIC contributions remain at the same level or are they going to be reduced to compensate for the employer pension contributions ?  I'm guessing I already know the answer......but I need it confirming as I have to calculate total wage costs for 2014 on a large payroll and so the position re NIC would have quite an effect on hourly rates for costing purposes. I've been reading through the Pensions Regulator website learning what needs to be done to comply but can't find the answer to my specific question anywhere whilst reading.  Thanks in advance



__________________


Senior Member

Status: Offline
Posts: 374
Date:

There is no NIC reduction. Employer pension contributions are an extra cost, and if employees need to earn more to afford their contributions that is an extra cost too.

__________________
Try out our Payroll Software, but don't listen to us, Listen to our users.
Page 1 of 1  sorted by
 
Quick Reply

Please log in to post quick replies.

Tweet this page Post to Digg Post to Del.icio.us
Members Login
Username 
 
Password 
    Remember Me  

BKN Special Offers

 

Resources

Careers & Qualifications  Start Up Essentials  Marketing Centre   Software Reviews
What is a book-keeper  Register as Self-Employed Networking  Software Blog
 Home Study Courses  Money Laundering Local Accountants  
 Qualifications/ Associations  Data Protection Direct Marketing  
 Franchises  Registering as an agent  Telemarketing  
 College / Night School  PI Insurance  Directories  
 Recruitment  Stationery  Google  
     Twitter  
     Volunteer Work  

 

 

 

 

 
 

 
   

 

Copy Right Bookcert Limited