We will make employer contributions to your retirement pot and you will contribute to your retirement as well. Contributions will be calculated on your qualifying earnings which are your gross earnings between £120.00 and £967.00 (if paid weekly).
Your contribution: You will pay 4.00% of your qualifying earnings.
Employer contribution: We will pay in an amount equal to 3.00% of your qualifying earnings.
Tax relief: The government, in the form of tax relief, will pay an amount of 1.00% of your qualifying earnings.
This means that if, for example, you earn £300.00 a week, your qualifying earnings will be £180.00.
Your contribution: You will pay in £7.20 a week.
Employer contribution: We will pay in £5.40 a week.
Tax relief: The government in the form of tax relief on your payment will pay in £1.80 a week.
In total, £14.40 will go into your pension pot.
Your contribution: You will pay 4.00% of your qualifying earnings.
Employer contribution: We will pay in an amount equal to 3.00% of your qualifying earnings.
Tax relief: The government, in the form of tax relief, will pay an amount of 1.00% of your qualifying earnings.
This means that if, for example, you earn £300.00 a week, your qualifying earnings will be £180.00.
Your contribution: You will pay in £7.20 a week.
Employer contribution: We will pay in £5.40 a week.
Tax relief: The government in the form of tax relief on your payment will pay in £1.80 a week.
In total, £14.40 will go into your pension pot.