Sentences with phrase «qualified workplace pension»
On April 6, the minimum contribution rate for workers automatically enrolled in qualified workplace pension plans under the auto - enrollment (AE) program increased from 2 percent (split equally among employers and employees) to 5 percent of covered earnings (2 percent is paid by employers and 3 percent by employees).
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You must pay at least 2 % of your employee's «qualifying earnings» into your workplace pension.