Automatic enrolment updates
Workplace pension contributions are increasing.
The minimum amount that employers and their staff need to pay into their pension scheme is going up. On 6 April 2018, the minimum amount employers will have to pay in will be 2% of their staff’s pay, and the amount their staff put in will rise to 3%. On 6 April 2019, this will rise again to 3% contribution from employers and 5% contribution from their staff member. TPR will be writing to all employers about the changes soon.
Automatic enrolment updates
Workplace pension contributions are increasing.
The minimum amount that employers and their staff need to pay into their pension scheme is going up. On 6 April 2018, the minimum amount employers will have to pay in will be 2% of their staff’s pay, and the amount their staff put in will rise to 3%. On 6 April 2019, this will rise again to 3% contribution from employers and 5% contribution from their staff member. TPR will be writing to all employers about the changes soon.
Instant pension duties for new employers
From October 2017, all new employers will have automatic enrolment duties from the date they employ their first member of staff. TPR will be writing to employers about their new duties.
For further advice contact:
Instant pension duties for new employers
From October 2017, all new employers will have automatic enrolment duties from the date they employ their first member of staff. TPR will be writing to employers about their new duties.
