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.
Internet link: TPR increases