It depends on what section of the Plan you're in. You can find out
what section of the Plan you're in if you are not sure.
EPP
If you are a member of the Employee Pension Plan (EPP), you pay 4% of your Pensionable Pay and William Hill pays in the same amount.
PSP
If you are a member of the Pension Savings Plan (PSP), what you pay depends on your position within William Hill which would mean your contributions will be:
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Your contribution
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William Hill’s contribution
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Administration and LBO staff
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5%
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5%
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Group and senior managers
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5%
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10%
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Senior executives
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5%
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15%
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Directors
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5%
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20%
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Tax relief
Don't forget, you also get the benefit of tax relief, which means that 20% of your contribution (if you're not a higher rate tax payer) is paid by the Government and not you!
For example:
John earns £1,250 a month, before tax and National Insurance, and he pays 4% of this into his pension. 20% of his contribution is paid by the Government through tax relief:
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John pays:
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The Government pays:
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William Hill pays:
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Total paid into John’s Pension Pot:
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£40
(£50 less £10 tax relief)
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£10
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£50
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£100
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