Pension Contribution change
The automatic enrolment workplace pension scheme is set to increase from 6 April 2019. All employers with staff in a pension scheme must take action to ensure that at least the minimum amounts are being paid in to their pension scheme.
The table below shows the minimum contributions that must be paid and the date when they must increase:
|Date||Employer minimum contribution||Staff contribution||Total minimum contribution|
|New rate: 6 April 2019 onwards||3%||5%||8%|
|Current rate: 6 April 2018 to 5 April 2019||2%||3%||5%|
For more information, please follow the link: https://www.thepensionsregulator.gov.uk/en/employers/increase-of-automatic-enrolment-contributions