Increase of automatic enrolment contributions – how will this affect your pension?August 21, 2017 // No Comments
The Pensions Regulator has advised that the minimum contributions that you and your staff pay into your automatic enrolment workplace pension scheme are increasing. This is also sometimes known as phasing. It is your responsibility to make sure these increases are implemented.
Additionally, if you’re using a defined benefits pension scheme then the increases do not apply. Find out more here on the Pensions Regulator website.