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Posts archive for January, 2018

4th January 2018

Increase in minimum contributions for Automatic Enrolment Pensions

Filed Under: Accounting, Business News, Tax

Under the Pension Act 2008,  from 6 April 2018 the minimum contributions employers and employees must pay into their workplace pension scheme will increase to:

  • Employer minimum contribution – 2%
  • Employee minimum contribution – 3%
  • Total minimum contribution         – 5%

All employers must take action to make sure at least the minimum amounts are being paid into their Automatic Enrolment pension schemes.

For any queries, please contact our Payroll Manager on 01903 300230.

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