Wednesday 13 March 2019

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.  

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.


Photo credit:Dylan Gillis


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