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Copyright © 2019 BarrCo Limited.

 

All rights reserved. BarrCo Solicitors is the trading name of BarrCo Limited.

Authorised and Regulated by the Solicitors Regulation Authority: 551420 :

Registered Company in England and Wales: 7346373

Increases in minimum contributions for automatic enrolment pensions from 6 April 2018

March 30, 2018

 

On 6 April 2018 contributions increase from the current minimum of a total contribution of 2% of qualifying earnings to 5%, of qualifying earnings . The employer minimum contribution rises from 1% to 2% .Staff members will have to make up whatever shortfall remains of the new total minimum contribution. This will be 3% if the employer contributes the required minimum amount - but less if the employer contributes more. 

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