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CVS maximum employer contribution has increased to 6%

CVS maximum employer contribution has increased to 6%

CVS Increases UK Pension Contributions

1 month ago
411 views

Posted
12th June, 2024 13h52

Author
CVS UK Ltd


CVS is increasing its workplace pension contributions to up to 6% for colleagues within the UK.

It is believed the move will make CVS the leading employer contributor to its employee pensions within the country’s larger veterinary groups.

From July 2024 the veterinary group will increase its UK standard pension contributions to either 4%, 5% or 6% of qualifying earnings, compared to the current 3%. The contributions from CVS will be matched by contributions from colleagues.  

The improvements mean that colleagues have the option to either make a smaller personal contribution and have this made up by the company or for both parties to contribute equally to a much higher overall contribution. 

Ben Jacklin, Deputy CEO at CVS, said: “"Our colleagues felt strongly we should make every effort to grow our employer pension contributions as part of the mix of rewards at CVS. I'm delighted we have been able to do that.

“Our vision is to be the veterinary company that people most want to work for and the enhancements to our pension scheme will take us a step further towards this aim.”

 

CVS Group operates across small animal, farm animal, equine, laboratories and crematoria, with over 500 veterinary practices and referral centres in the UK and Australia. In the last five years the company has invested nearly £80 million in its sites, facilities and equipment, in addition to industry leading training and support, to give the best possible care to animals.

For further information on careers with CVS visit CVS | Careers (careerswithcvs.co.uk).


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