The other significant change is in respect of auto-enrolled workplace pensions, with minimum workplace pension amounts increasing in April 2018. The next increase will be in April 2019.
As of 6 April 2018, the minimum base pension contributions are 2% employer, 3% employee, giving a total contribution of 5% overall. These are, of course, the minimum amounts that must be paid and employers can chose to pay more if they wish. Further guidance and information can be found on the Pensions Regulator website.
If you have any further questions on the subject matter then please contact Karen Scott on 07762 629 448 or get in touch by clicking here.
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