The new tax year sees the increase in contributions for both employers and employees/workers.
The table below shows the minimum contributions:
|Date effective||Employer minimum contribution||Staff contribution||Total minimum contribution|
|Currently until 5 April 2019||2%||3%||5%|
|6 April 2019 onwards||3%||5%||8%|
Employers should note and ensure communication is in place to inform employees of the change in contribution.
Article from ACCA In Practice