Pensions auto enrolment contributions to rise


Pensions auto enrolment contributions to rise

Minimum auto enrolment pension contributions are set to increase from 6 April 2019:

DurationEmployer minimumTotal minimum contribution
Current contributions2%5%
6 April 2019 onwards3%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


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