Earnings thresholds will rise with auto-enrolment contributions

Do your employees know that earnings thresholds are rising with auto-enrolment contributions?

In early December the Department for Work and Pensions (DWP) announced the thresholds that should apply to automatic enrolment pension contributions from 6 April 2019. We say ‘should’ because, strictly speaking, they need final approval from the Secretary of State, although any change is extremely unlikely. There are three key levels to be aware of:…

Pensions – Automatic Enrolment is Getting Closer to Home

The ‘Mary Poppins’ pension’     The roll out of automatic enrolment of employees into pension schemes started back in October 2012 with the largest employers. The logic was that these big organisations would have the necessary resources to start the process quickly and efficiently. Since those early days, the size of employers required to introduce…