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
