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Report Penfold What Are Pensionable Earnings?

What Are Pensionable Earnings?

Exploring The 3 Ways to Calculate Pensionable Earnings

For employers, the amount you’ll need to contribute into a workplace pension scheme is based on the pensionable earnings of your employees. For employees, their basic salary before any bonuses, overtime or commission.It is important to discover facts about pensionable earnings and to define them clearly. This guide will help you better understand all requirements and methods when it comes to Pensionable Earnings.

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• Basic Pay

• Qualifying Earnings

• Total Earnings