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