Is employer pension contribution in addition to salary or taken from salary?

Markeee

theoretica said:

Delving into the full report it looks like £19200 is the headline salary - ie earnings before tax.  So this will not include the 3% employer's pension. 

Thanks. I find it odd that the report doesn't mention pensions once. Thinking on some more: this figure of £19,200 is the suggested basic minimum earnings. It doesn't allow for 4% being reduced from this to go into a pension (the employers contribution), nor does it factor in 3% (employees contribution) or the 1% (government contribution). So I suggest the minimum earnings is actually £19,200 + 8% pension.

TimSynths

Albermarle said:

To repeat 7 or 8% is a minimum . Some employers are more generous and some employees add more than themselves.

True, I save 6% they add 15% for a nice 21% saved overall. I consider myself very fortunate.

theoretica

Markeee said:

theoretica said:

Delving into the full report it looks like £19200 is the headline salary - ie earnings before tax.  So this will not include the 3% employer's pension. 

Thanks. I find it odd that the report doesn't mention pensions once. Thinking on some more: this figure of £19,200 is the suggested basic minimum earnings. It doesn't allow for 4% being reduced from this to go into a pension (the employers contribution), nor does it factor in 3% (employees contribution) or the 1% (government contribution). So I suggest the minimum earnings is actually £19,200 + 8% pension.

It does partly - it will allow for the employees pension, and income tax, and NI as what it calculates is the weekly spending (£320.69 for a single person) and then will run this through a salary calculator which takes those things into account for an employed person. 

Markeee

So if the UK median salary is £x I presume this doesn't include pension contributions (either from the employer or employee)?

So this sum would be £x minus 4% (employee contributions), plus 3% (employer contributions), plus 1% (govt contribution) = which equals £x anyway.