Scheduled changes to legal minimum auto enrolment contribution rates
03 January 2017
From April 2018, employers will need to make arrangements to ensure that their qualifying pension schemes comply with the increases in the legal minimum contribution rates (known as ’Phasing’).
The Pensions Regulator (TPR) has updated their guidance for pension, payroll and software providers on the contribution increases, with additional guidance for advisers planned for early 2017.
TPR has also produced a decision tree to help employers decide the actions they need to take.