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Trade organisations call on PCCs to act on local crime as retailers report record theft

5 Dec 2023

A new campaign is calling on police & crime commissioners to tackle crime on a local level, as theft against convenience retailers reaches record highs.
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London small businesses make up to 86% of their annual revenue during the festive period.

4 Dec 2023

Recent data from VistaPrint, reported by London Loves Business, has revealed that 70% of London small businesses generate up to a substantial 86% of their annual revenue... Read more…

Concerns expressed by retail leaders following Chancellor’s Autumn Statement

23 Nov 2023

Retail sector leaders have expressed a range of concerns, from taxation to business rates, following the Chancellor’s Autumn Statement this week.
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Winners of Booker Prize Indie Bookshop Spotlight competition named.

22 Nov 2023

Six independent bookshops from around the UK have been named as the winners of the inaugural Booker Prize Indie Bookshop Spotlight, a competition in which independent bookshops and booksellers... Read more…

New Conservative Party chairman writes responds to NFSP DVLA petition.

21 Nov 2023

The National Federation of Subpostmasters has received a response from new Conservative party chairman Richard Holden MP regarding the petition to keep DVLA services in post offices.
... Read more…

British Business Bank launches new ‘Making business finance work.

21 Nov 2023

The British Business Bank has launched a new guide aimed at smaller businesses to help them understand how different financial products can support them at all stages of their development.
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Indie Shops to Boycott Black Friday

21 Nov 2023

Independent retailers across the UK are set to defy the Black Friday sales frenzy for the third year running, according to a survey conducted by Bira, the British Independent Retailers... Read more…

Indie shops key to reversing fortunes of struggling high streets, new study shows.

20 Nov 2023

A focus on independent stores and ‘browse-only’ shops can help to reverse the fortunes of the struggling high street, new research shows.
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Bira sets out expectations for this month’s Budget.

15 Nov 2023

The British Independent Retailers Association (BIRA), which works with over 6,000 independent businesses of all sizes across the UK, has outlined its expectations from the government... Read more…

Mixed picture on consumer spending plans for Christmas

7 Nov 2023

New survey data from Deloitte has shown a seven percentage-point rise in the number of UK consumers - from 19% in 2022 to 26% in 2023 - who intend to spend more in the last three months of 2023,... Read more…

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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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