As you may be aware Employer contributions to staff pensions will be increased to a new rate on the 6th of April 2019.
The table below shows the increase compared to the current rates.
|Date||Employer minimum contribution||Staff contribution||Total minimum contribution|
|New rate: 6 April 2019 onwards||3%||5%||8%|
|Current rate: 6 April 2018 to 5 April 2019||2%||3%||5%|
To find out more get in touch with us today!
Visit us at https://www.crownford.co.uk or pop us a call on 0845 217 2606.