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Local Bike Shop Day 2020 save the date

22 May 2019

We are excited to announce that following the success of this year's event we are already busy preparing for next year's big day.
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Local Bike Shop Day 2019 busiest day ever!

16 May 2019

Local Bike Shop Day is the one day a year when independent bike shops across the UK can come together to celebrate their distinctive culture. It's the day for local bike shops to showcase their... Read more…

Ultimate guide to advertising on Facebook

15 May 2019

Are you interested in learning how to run Facebook ads? This is a step-by-step guide of best practices to advertising.
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Use your online presence to keep your business thriving

8 May 2019

How to use your online presence to keep your business thriving
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Drive impulse sales

8 May 2019

You can influence customers acting on impulse and boost your sales
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Children's creative summer workshops

8 May 2019

Summer holidays can keep crafters away from their hobby and away from visiting your store. Running children's workshops can open your store to those crafters with children and parents looking to... Read more…

Call for evidence on retail violence

8 May 2019

The Home Office is calling on all retailers to provide evidence on retail violence in order for the government to understand the true impact of violence and abuse on retailers.
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Harness Instagram for your business

8 May 2019

Instagram is a huge part of a business's online presence today, why not learn the top tips on getting the most from Instagram?
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Your thoughts on Local Bike Shop Day

8 May 2019

Local Bike Shop Day took place just over the weekend and we want to hear from you. What was Local Bike Shop Day for you?
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Samways and Son are 70 years old!

8 May 2019

It is not very often that a business can say they have been trading for 70 years, but Samways and Son now can.
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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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