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The Accountants for Growth

Auto Enrolment – Increase in Minimum Pension Contributions

Auto Enrolment – Increase in Minimum Pension Contributions
Under the Pensions Act 2008, every employer in the UK must put certain staff into a workplace pension scheme and contribute towards it. This is called 'automatic enrolment'. If you employ at least one person you are an employer and you have certain legal duties.
 
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Pension auto-enrolment II

Pension auto-enrolment II

What will auto-enrolment cost your company?


The pension contributions will be phased in over time as shown in the table below and full contributions will have to be paid from 1 October 2018.

 

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Pension auto-enrolment and your business

Pension auto-enrolment and your business

Auto-enrolment will apply to all business who employ staff and will have significant implications in terms of responsibilities and commitments facing those businesses. 


It commenced in October 2012 and all organisations must have enroled their staff by April 2017 and all new employees by February 2018.  

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