Auto-Enrolment Minimum Contribution is Changing. Here’s What You Need to Know:

Auto-enrolment- new minimum %s from 6/4/18 New regulation means 1.8 million small business owners in the UK will have to offer an auto-enrolment pension scheme for employees. Auto-enrolment makes it compulsory for employers to enrol eligible workers into a pension scheme, paid into jointly by both the employee and employer. As it currently stands the auto enrolment minimum contribution is 2% of which 1% must be paid by the employer, however in the tax year to come this is set to change: 06/04/18 – 05/04/19: Minimum contribution will be 5% (including 2% minimum employer contribution and 3% staff contribution). 06/04/19-
Read More