NEW WORKPLACE PENSION LIMITS FROM 6 APRIL 2019
The amounts that employers and workers will be required to pay into workplace pensions are due to increase from 6 April unless the worker opts out. The new limits will be 5% from the worker and 3% from the employer. The total minimum contribution will therefore increase from the current 5% overall to 8%.
In some schemes, your employer has the option to pay in more than the legal minimum. In these schemes, you can pay in less as long as your employer puts in enough to meet the total minimum contribution of 8%.
If you need any help with setting up a workplace pension, then ring Rick Peet or Matt Lythell on 01252 783869.