Pensions auto enrolment contributions to rise

Photo credit: Dylan Gillis

 

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. 

Internet link: TPR increases

For more information please do not hesitate to contact the team at Ward Williams Financial Services Ltd on 01932 830664 or by email on wwfs@wardwilliams.co.uk.