The amounts that you and your staff pay into your auto-enrolment pension scheme will, by law, increase from 6 April 2018.
Does the pension scheme apply to you?
If your team have been automatically enrolled in this scheme, you need to make sure that at least the minimum amount is paid in by you and your staff. If however you don’t have any staff, you don’t need to take any further action.
How much will it increase by?
What do you need to do?
From 6 April 2018, the way that you calculate and pay your contributions must be changed to reflect these increases. You should let your team know about the increases being applied to their contributions and your pension provider should be in touch before the changes come into effect.
If you have any questions, please contact Michael Burgess or Rebecca Thorley on 01782 279615.