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Brexit: Update

18 Mar 2019

Latest updates on Brexit and the parliamentary votes
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Making Tax Digital: Update

18 Mar 2019

The government has recently presented new information surrounding Making Tax Digital
Read more…

Making Tax Digital Deadline: 1st of April

11 Mar 2019

Now with less than a month until Making Tax Digital (MTD) requirements come into force for VAT, make sure you are ready
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Brexit update: Government announces Workers' Rights Protections

11 Mar 2019

The government has announced the Workers' Rights Protections for Brexit
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APPCG Tackling cycle theft meeting

8 Mar 2019

Over 50% of all bike owners have had a bike stolen, accounting for 2% of all reported crimes. Join us at the next APPCG meeting to tackle cycle theft.
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Belhaven Bikes takes part in another LBSD!

6 Mar 2019

Belhaven Bikes, born in 2005, is an indie bike shop representing the local community of Dunbar and beyond
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Focus on people, both your staff and customers

6 Mar 2019

In retail, it is becoming more and more apparent that corporate strategies and emotional intelligence are at the frontline of a flourishing, buoyant store
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Are you ready?

6 Mar 2019

Organisation total minimum contributions to be paid into staff pension schemes increase on 6th April 2019
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10 Global Predictions for Retail 2019

4 Mar 2019

Expert consultancy firm AlixPartners take a look at the challenges and opportunities that face retail in 2019.

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Rural MPs supporting Local Shops

1 Mar 2019

MPs are supporting the rural convenience stores that are an indispensable hub for thousands of isolated communities across the UK
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Are you ready?

Posted on in Business News, Cycles News

pension scheme Minimum workplace pension contributions to increase. 

On the 6th of April 2019, the total minimum contributions your organisation must pay into its staff workplace pension schemes increases.

In order to comply with the law and ensure that your staff receive the pension payments they are entitled to, you need to prepare for this guaranteeing that your organisation is set up to pay the correct amounts into your staff pension schemes.

From the 6th of April, the total minimum contribution, including employer and employee payments, must be no less than 8% of qualifying earnings.

Your organisation must pay a minimum of 3% with staff making up the rest of the 8%. An organisation can choose to pay more than the required 3% minimum.

Current rates stand at:

  • 5% total minimum contribution
  • 2% employer minimum contribution
  • Up to 3% paid by an employee

Make sure to check that your systems are ready for the changes as of the 6th of April and make your staff aware.

Find out more about the increase to the workplace pension scheme here.

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