Statutory benefits in the UK include:
In addition to the state pension, all employers are now required to register eligible employees into an auto-enrolment pension scheme (PEO Worldwide works with The Pension People).
Current statutory minimum contributions are a total of 8% (5% employee contribution/3% employer contribution). However, employers can choose to pay more than the statutory minimum. This would have the effect of reducing the contribution payable by the employee (a total of 8% being required).
Employees can opt out of the scheme, but PEO Worldwide has an obligation to register all eligible employees during the first payroll.
Statutory sick pay
For statutory sick pay, there’s a qualifying period of four or more days in a row (including non-working days). This is paid by the employer for up to 28 weeks. Qualification criteria apply.
The current weekly eligible amount payable to employees is £94.25 per week.