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Pension contribution increases ahead of april

Pension contribution increases ahead of april

Published:
21
January 2019

The Pensions Regulator (TPR) is reminding employers that from 6 April 2019, the amount that will need to be paid into a work place pension will increase to an overall minimum of 8%, with employers contributing at least 3% of this total amount.

TPR is now starting to write to all employers to remind them of their duties. TRP website provides further information on the increases and a link to a letter template advising employees of the increase.

TPR is advising employers that they should also check with their payroll software provider and pension provider to ensure plans are in place ahead of 6 April 2019.

Internet link: TPR increase

Please contact us if you would like help with your payroll or pensions auto enrolment compliance.
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