DXC Employers Pension Contributions in the UK

For those that are aware, from January DXC's "employer's" pension contributions will no longer be paid forusing our compensation packages. Instead DXC will pay them directly. Previously these contributions have been paid for out of our Flex funds which I have always thought as wrong. Its "Employers contributions" after all. "Employee's" contributions will remain to be charged to our Flex fund.

I'm glad that this appears to be rectified but its got me thinking that we've been unfairly charged by DXC for these contributions and this could add up to quite a significant amount.

Does anyone have any thoughts on this? It's a little bizaare for DXC to suddenly change their contributions. I would like to know what has driven this change.

#401K #Benefits #Compensation #EmployeeRights #Pension

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This definitely needs to be looked into

@dc
Its seems feasible to me that they might have been doing it wrong and if HMRC have caught up with them there is a possibility that we ourselves have been funding the Employer's contributions. If this is the case I can't see why we aren't entitled to have money reimbursed.

I suspect it was HMRC not being happy with how the payslip calculations were shown.

The lack of explanation from the company, whilst utterly predictable, always causes us all to speculate how are we getting f***ed over now though...

There is one negative though. If you were applying for a loan they'd ask to see a payslip and look at the gross pay... Which now is much smaller.

We spoke to Buckingham palace and took Direction's from them. If you have questions or concerns, please call 1800-Queen

I noticed that employee contributions are now shown as AVCs over 3%. No idea if this impacts Employee NI savings

The law!? Or it's cheaper for them that way!

Thread regarding DXC Technology layoffs

DXC Employers Pension Contributions in the UK

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