{"id":952,"date":"2019-01-17T16:17:15","date_gmt":"2019-01-17T16:17:15","guid":{"rendered":"http:\/\/www.withcreative.co.uk\/dev\/increases-to-minimum-pension-contributions\/"},"modified":"2021-01-14T23:53:44","modified_gmt":"2021-01-14T23:53:44","slug":"increases-to-minimum-pension-contributions","status":"publish","type":"post","link":"https:\/\/dev.withcreative.co.uk\/langricks\/increases-to-minimum-pension-contributions\/","title":{"rendered":"INCREASES TO MINIMUM PENSION CONTRIBUTIONS"},"content":{"rendered":"<article>\n<header><em>Langricks\u00a0advises employers on how to keep employees on <\/em><em>track.<\/em><\/header>\n<p>The government introduced automatic enrolment in 2012 to help employees get the retirement they want.\u00a0\u00a0Since then, millions of employees, and their employers, have begun saving into a workplace pension.<\/p>\n<p>The next step is for the minimum amount paid towards a workplace pension \u2013 by an employer and by an employee \u2013 to increase.\u00a0This will help towards building a pension pot for the future.<\/p>\n<p>Langricks has been working with its clients to let employees know about the changes and the benefits of saving into a workplace pension.<\/p>\n<p>Did you know that:<\/p>\n<ul>\n<li>Saving into a workplace pension is a simple and easy way to help ensure you get the kind of retirement that you want\u00a0<a name=\"_GoBack\"><\/a><\/li>\n<li>The earlier you begin saving, the more time your savings have to grow. You can also choose to save more than the minimum if you wish<\/li>\n<li>The money will remain yours, including the contributions made by your employer, even if you change jobs<\/li>\n<li>When you retire, you will be able to choose how to use your pension savings<\/li>\n<\/ul>\n<p>From 6 April 2019,\u00a0\u00a0employers will have to contribute a minimum of 3%, and the employee will contribute 5%\u00a0from\u00a0a\u00a0portion\u00a0of\u00a0their\u00a0earnings*, making a total of 8% paid into a retirement savings pot.<\/p>\n<p>To get to know the benefits, and find out more about saving into a workplace pension visit\u00a0<a href=\"http:\/\/www.workplacepensions.gov.uk\/employee\">www.workplacepensions.gov.uk\/employee<\/a><\/p>\n<p><strong>*<\/strong>The law requires that, as a minimum,\u00a0your contributions will be based on your earnings between \u00a36,032 and \u00a346,350.\u00a0To find out what proportion of your salary your pension contributions are calculated on, check the information provided when you were enrolled.<\/p>\n<footer>\u00a9 2021 Langricks | All rights reserved.<\/footer>\n<figure class=\"op-tracker\"><\/figure>\n<\/article>\n","protected":false},"excerpt":{"rendered":"<p>Langricks\u00a0advises employers on how to keep employees on track. The government introduced automatic enrolment in 2012 to help employees get the retirement they want.\u00a0\u00a0Since then, millions of employees, and their employers, have begun saving into a workplace pension. The next step is for the minimum amount paid towards a workplace pension \u2013 by an employer [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":2926,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[1,21],"tags":[],"class_list":["post-952","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog-articles","category-accountancy-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>INCREASES TO MINIMUM PENSION CONTRIBUTIONS - Langricks Chartered Accountants and Business Advisers<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/dev.withcreative.co.uk\/langricks\/increases-to-minimum-pension-contributions\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"INCREASES TO MINIMUM PENSION CONTRIBUTIONS - Langricks Chartered Accountants and Business Advisers\" \/>\n<meta property=\"og:description\" content=\"Langricks\u00a0advises employers on how to keep employees on track. The government introduced automatic enrolment in 2012 to help employees get the retirement they want.\u00a0\u00a0Since then, millions of employees, and their employers, have begun saving into a workplace pension. 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