Workplace Pension Changes

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.