Business Services Organisation
All employers must provide a workplace pension scheme and automatically enrol eligible staff if the following applies:
- aged between 22 & State Pension age
- earn at least £10,000 per year
- work in the UK
PSC enrols staff to the HSC Pensions scheme based on their actual earnings at the rates below:
HSC Pension Contribution Rates
| Tier | Pensionable Earnings | EE Rate | ER Rate |
| 1 | £0 to £13,259.99 | 5.2% | 23.2% |
| 2 | £13,260 to £27,288.99 | 6.7% | 23.2% |
| 3 | £27,289 to £33,247.99 | 8.5% | 23.2% |
| 4 | £33,248 to £49,913.99 | 10.0% | 23.2% |
| 5 | £49,914 to £63,994.99 | 10.9% | 23.2% |
| 6 | £63,995 and above | 12.7% | 23.2% |
Staff ineligible to join HSC Pensions scheme but eligible to be automatically enrolled to a scheme will be enrolled to Nest Pension at the rates below:
Nest Pension Contribution Rates
| Ref Code | EE Rate | ER Rate |
| NO2 | 5% | 3% |
For more information on the schemes click the links below: