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