Changes to the level of pension contributions come into force today, 6 April 2018.
By law employers are required to increase their minimum contribution from 1% to 2%. Employees will have to pay the shortfall needed to make the total minimum contribution up to 5%, i.e. their contribution will increase from 1% to 3%.
If Curle & Co currently prepares your payroll we will automatically update the contribution levels to ensure that you are compliant.
If you or your employees want to make additional changes to the pension contributions, such as increasing the current level of contributions please contact us to discuss.