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Pension Contribution Increases!

Ten Facts You Might Not Know About Stamp Duty

Auto enrolment is now in place in many workplaces, and the legal minimum contribution is currently 2% (generally paid as 1% by the employer and 1% by the employee).

From April 2018 however, this is set to change, and the minimum contribution is to be increased to a total 5% (2% for employers and 3% for employees).

This will be followed by a further increase in April 2019, when total contributions are set to rise to 8% (3% for employers and 5% for employees).

For more information about the changes, please see The Pensions Regulator website.