Workplace Pension Changes

Workplace Pension Changes

posted on April 3, 2018

by: Ian Marlow / 0 comments / Business

Don’t forget that the rate of minimum deduction for Workplace Pension schemes is increasing from 6 April 2018.
For the employer, the minimum contribution rises from 1% of salary to 2%, and for the employee from 1% to 3%. Obviously if deductions are already above these new minimums nothing need be done but for all others it is important that the deductions post 6 April are made at the correct rate.
So make sure you are ready for the increase in the employer contribution to the workplace pension and also make sure that your staff are duly informed as well that their deductions are going up.

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Ian Marlow

Managing Director

Ian Marlow, an Elite Advisor for Quickbooks Online, has a passion for helping individuals and businesses in all aspects of online accounting and leads an experienced team of tax and accounting professionals.
published
3rd April 2018
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