Practices may have to pay for hikes in pension contributions from 2020

Practices may be required to pay for increased employer contributions from 2020/21, but will not have to cover the costs from April 2019, when the increases are introduced. 
The Government is implementing a new employer pension contribution rate of 20.6%, in addition to a 0.08% administration charge, from April 2019 - which represents an increase of 6.3 percentage points increase from the current tax year. Hide related content: 
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Source: Management in Practice - March 5, 2019 Category: Practice Management Authors: costanzapearce Tags: *** Editor ' s Pick Latest News Source Type: news