Questions and Answers
'Gross earnings' for auto enrolment
I have been reading up about my responsibilities under Auto Enrolment. But please can you tell me when calculating the level of contributions for my staff, what constitutes their ‘gross earnings’?
Under Auto Enrolment, employers have new legal duties to comply with and may need to automatically enrol certain members of staff into a pension scheme and make contributions towards it.
For auto enrolment purposes, ‘gross earnings’ include salary, wages, commission, bonuses, overtime, statutory sick pay and statutory maternity, paternity and adoption pay.
At TaxAssist Accountants we are working together with Scottish Widows, one of the UK’s leading pension providers, to create The TaxAssist Accountants Client Pension Scheme, which offers a host of features and benefits for small businesses that are normally only available for larger organisations.
This exclusive scheme is available only to TaxAssist Accountants clients and offers auto enrolment benefits such as competitive charges, flexible transfer and consolidation options and a choice of options upon retirement. Please feel free to contact us if you would like to be put in touch with your local TaxAssist Accountant to find out more.
Date published 3 Jan 2014 | Last updated 20 Sep 2022
This article is intended to inform rather than advise and is based on legislation and practice at the time. Taxpayer’s circumstances do vary and if you feel that the information provided is beneficial it is important that you contact us before implementation. If you take, or do not take action as a result of reading this article, before receiving our written endorsement, we will accept no responsibility for any financial loss incurred.Choose the right accounting firm for you
Running your own business can be challenging so why not let TaxAssist Accountants manage your tax, accounting, bookkeeping and payroll needs? If you are not receiving the service you deserve from your accountant, then perhaps it’s time to make the switch?
Local business focus
We specialise in supporting independent businesses and work with 80,684 clients. Each TaxAssist Accountant runs their own business, and are passionate about supporting you.
Come and meet us
We enjoy talking to business owners and self-employed professionals who are looking to get the most out of their accountant. You can visit us at any of our 409 locations, meet with us online through video call software, or talk to us by telephone.
Switching is simple
Changing accountants is easier than you might think. There are no tax implications and you can switch at any time in the year and our team will guide you through the process for a smooth transition.
See how TaxAssist Accountants can help you with a free, no obligation consultation