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