Increased contributions for workplace pensions in 2018

7th November 2017 | Posted in: Payroll, Pensions, Savings & Investments, Planning

Auto-enrolment of staff in workplace pension schemes now applies to even the smallest of employers, although there are exclusions. The current minimum contributions are 1% from the employer and 1% from the employee, but these limits are scheduled to increase to 2% and 3% respectively from 6 April 2018.

The contributions will then increase to 3% from the employer and 5% from the employee from 6 April 2019. Employees will have a further opportunity to opt out of auto-enrolment.

At Johnston Smillie we have a dedicated payroll team who can assist your business in all aspects of auto-enrolment.  If you would like to find out more about our payroll services and how we can help you with your auto-enrolment duties, please contact us.

 

If you feel we could help you and would like to discuss any of the above, please contact Julie Hunter on 0131 317 7377 or email to julie.hunter@jsca.co.uk.
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