We’ll help you to get a pension and make contributions to it if you’re a full-time employee or a full-time contractor. Due to the global distribution of our team, the implementation details will vary depending on how and where you’re employed.
As much as we are able, we’ve settled on a 9% total contribution, with 4% from Human Made and 5% from your salary.
In countries where we have a company and can thus employ people directly, we provide workplace pensions.
In Australia, superannuation is paid at the statutory rate of 9.5%. You don’t need to do anything to get this.
In terms of calculating internal salaries levels, we treat superannuation as a 5.5% contribution from your salary and 4% from HM.
In the UK, we’re enrolled with NEST to provide workplace pensions inline with the new Auto-enrollment rules. As this is a new scheme, it’s being rolled out in stages. During the roll-out phase (before Oct 2018), you have two options:
- Auto-enroll at the base level and increase up the top-level slowly.
HM’s Contribution Your Contribution Total Contribution Oct 16 1% 1% 2% Oct 17 2% 3% 5% Oct 18 4% 5% 9%
*The dates for the increases to 5% and 9% are due to change to April 2018 and April 2019, subject to parliamentary approval.
- Jump straight to the top-level, a 9% total contribution with 5% from your salary and 4% from HM.
From Oct 2016 you’ll have been automatically enrolled on option 1. If you’d like to jump to the maximum level before Oct 2018 just let Zoe know.
It’s also worth noting, that currently, option 1 is only calculated on “qualifying earnings”.
We calculate contributions based on your qualifying earnings. This means your annual earnings that fall between £5,824 and £43,000.
Option 2 (the top level) is calculated on “all earnings”.
See this PDF for more details on the NEST pension, including opting out, stopping contributions, etc.
In the US, we have a 401k plan with Captain401. Once you have enrolled with TriNet (our US payroll provider) you will be sent an email invite enabling you to sign up with Captain401. We will match contributions up to 4% of your salary.
If you’re not employed directly by one of our companies then we’ll match contributions up to 4% of your salary into whatever personal/private pension you might have.
If you have questions regarding Pension contributions please direct them to Tom or Zoe.