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IMPORTANT shout out on pension changes from April 2018

IMPORTANT shout out on pension changes from April 2018
Stewart Waddell
Written by Stewart Waddell
Friday, 16 March 2018 07:37

IMPORTANT shout out on pension changes from April 2018 While we did see a big campaign on TV and radio advertising workplace pensions over the last 3 years from DWP, not to mention the big hairy monster!

I think you will all agree we have seen very little publicly announcing the minimum contribution rate increase effecting from April 18 and again April 19.

So what are the new minimum rates from April?

  • Employee rates 3%
  • Employer rates 2%

This is double the employer pension costs currently and a much larger increase for employees. We expect, particularly for lower paid employees, this may result in an increasing number of staff wishing to cease contributions to the scheme. Could this have a negative effect of what was intended? Watch this space!

Please feel free to download our pension contribution poster.

Should you have any questions please contact us on 03331 123456

Stewart Waddell

Stewart is our Operations Director and is responsible for making sure everything runs smoothly for all 1000+ customers. Stewart also manages our systems and staff. He also helps with the development of Dataplan's innovative technology solutions like our ePayslips solution and VERA HR to name a few.

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