Pensions auto enrolment contributions to rise
Minimum auto enrolment pension contributions are set to increase from 6 April 2019:
|Duration||Employer minimum||Total minimum contribution|
|6 April 2019 onwards||3%||8%|
The Pensions Regulator has produced guidance for employers on dealing with the increased auto enrolment contributions including a letter template to advise employees of the change.
Contact us if you would like help with auto enrolment.
Internet link: TPR increases