Do you pay above the minimum contributions for automatic enrolment?
A COMMENDABLE 61% OF EMPLOYERS PAY ABOVE THE MINIMUM CONTRIBUTIONS FOR AUTOMATIC ENROLMENT
A commendable 61% of employers pay above the minimum contributions for automatic enrolment, this was a similar response to last year (62%). 39% don’t pay the above minimum.
61% Yes
39% No
Do you offer saving or borrowing through payroll?
21% offer saving or borrowing through payroll, this is down from 1% last year, however still an increase from 2021, and 79% don’t have any offerings. Of those that offer savings or borrowing, 48% said 1 – 10 percent of staff take this up, 15% said 11 – 30 percent of staff, and 33% stated ‘Other’.
21% No
79% Yes
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