Statutory
Pension (Contributory Pension Scheme)
Mandatory retirement savings: typically 8% employee + 10% employer of qualifying pay.
Under the Pension Reform Act, the Contributory Pension Scheme requires a minimum employee contribution of 8% and employer contribution of 10% of basic, housing and transport allowances, paid to a Pension Fund Administrator (PFA). The employee's contribution is deductible before PAYE.
Related terms
Help & how-to
See it in practice
Remit PAYE, pension & NHF on time
Generate the schedules, track the deadlines, and record each payment reference.
Set up salary structures & pay elements
Define what people earn once, assign it in bulk, and override per employee where needed.
The payroll run lifecycle, explained
Run, review, approve and lock, pay, remit, then roll over. The same flow every month.
See it applied to real payroll
Vintage People applies these statutory rules on every run, with a full audit trail.