From 6th April 2018, overall minimum contributions into qualifying pension schemes are set to increase. The minimum contributions are set to increase again from April 2019 and could represent a significant increase for some employees. The current rates and contributions for the next 2 tax years are as follows: Date effective Employer min. cont’n … Read More
Minimum pension contributions to increase from April 2018
From April 2018, the minimum pension contributions made into auto enrolment schemes from employers and employees are to increase in two stages. The increases are compulsory and it is the responsibility of the employer to ensure they are implemented correctly. The first increase is effective from 6 April 2018 and the second from 6 April 2019. Who does this apply … Read More
Pension auto enrolment – don’t leave it too late!
You may have noticed that there has been increased coverage in the press recently regarding work place pensions. This is due to new legislation which means that every employer must automatically enrol workers into a workplace pension scheme if the employee: • is aged between 22 and State Pension age and • earns more than £10,000 a year and • … Read More