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Find out how Remote can guide you through the complexities of managing cross-border hiring, payroll, taxes, and compliance.

Retirement & Pension

Remote offers a Defined Contribution workplace pension scheme, designed to help employees in the UK save for retirement while benefiting from employer contributions and tax advantages. The plan is based on automatic enrollment for eligible employees, with flexible options for contributions and investment choices.
  • Retirement

    Contribution Overview:

    • Employee Contribution: A minimum of 5% of gross pay is required to receive the employer’s contribution.
    • Employer Contribution: Employers contribute 4% of gross pay if the employee contributes at least 5%. If the employee contributes less, the employer contribution drops to 0%.

    Key Features:

    • Flexible Contributions: Employees can increase their contributions above the 5% minimum, but contributions below 5% will result in no employer contribution.
    • Automatic Enrollment: Employees are automatically enrolled if they meet the eligibility criteria (age 22+, earning over £10,000 annually, and below the state pension age). Opting out is available within the first month of enrollment.
    • Net Pay & Pay Exchange: Two contribution methods are available, offering different tax benefits: Net Pay (after-tax deductions) and Pay Exchange (pre-tax).

    Additional Benefits:

    • Investment Options: Employees have a range of funds to choose from, including ethical and diversified options, to align with personal retirement goals.
    • Tax Relief: Contributions benefit from tax relief, effectively lowering taxable income while building retirement savings.
    • Online Portal: Employees can manage their pensions, track investments, and adjust contributions through an easy-to-use online platform.