Tag Archives: Business Advice

Change in workplace contribution timetable receives mixed reaction as new tax year approaches

As the new tax year approaches, there are mixed feelings about a switch in timings over workplace pension contributions, says The Auto Enrolment Advisor. A change in timetable announced by The Chancellor late last year brings contribution increases in line with the tax year. Now the first scheduled rise takes effect from April 2018, as opposed to the original date of October 2017. Under the previous timetable, minimum contributions would have risen from 1% employer, 1% employee of qualifying earnings,