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 |
Current contributions | 2% | 5% |
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
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