PENSIONS AUTO ENROLMENT CONTRIBUTIONS TO RISE
Minimum pension contributions are set to increase from 6 April 2019:
DURATION | EMPLOYER MINIMUM (%) | TOTAL MINIMUM CONTRIBUTION (%) |
Current contributions | 2 | 5 |
6 April 2019 onwards | 3 | 8 |
The Pensions Regulator has produced guidance for employers on dealing with the increase including a letter template to advise employees of the change.
Contact us if you would like help with auto enrolment.