URGENT REMINDER – CHANGES TO AUTO ENROLMENT PENSIONS!
Minimum Workplace pension contributions will soon be increasing.
This is a nationwide change, involving millions of people and their employers across the country. Changes till take place in April 2018, and again April 2019 – its the law.
|Date effective||Employer minimum contribution||Employee minimum contribution||Total minimum contribution|
|Currently until 5 April 2018||1%||1%||2%|
|6 April 2018 to 5 April 2019||2%||3%||5%|
|6 April 2019 onwards||3%||5%||8%|
Remember, your workplace pension is a simple way to help you save for your future so that you will have more money to continue doing the things you enjoy when you retire. And the earlier you start to save, the more money you will have when you come to retire, as your money has had time to grow.
Get to know the benefits and find out more at: http://www.workplacepensions.gov.uk/employee/
Upon registration you will have been given a Permanent and Temporary Workers Handbook – there is a guide to your pensions in there, with links and numbers for more information.