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Pensions auto enrolment contributions to rise

Minimum pension contributions are set to increase from 6 April 2019.

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