Change to workplace pensions

March 4, 2019   //   No Comments

As an employer it is your responsibility to ensure that from 6th April 2019 (if your employee is subject to auto enrolment) that the minimum total pension contribution rises from 5% to 8% of employees’ earnings.

This means that you must pay 3% with your workers paying the difference between your contribution and the 8% (or higher figure depending on your workplace pension/contract).   It is also a good time to let your employees know of the new rates.

Further information can be found from The Pension Regulators website