In celebration of a raise in minimum auto-enrolment pension contributions, here are five of the most interesting facts about automatic enrolment (AE)
Today, minimum workplace pension contributions have risen to 5% after being at 2% of qualifying earnings since the inception of the government policy in 2012. Employers now have a duty to contribute a minimum of 2%, and employees will make up the further 3% to reach 5%. However, if an employer chooses to contribution more, for example, 3%, the employee will only have to contribute 2% to bring them up to the threshold. In April 2019, minimum contributions are set to rise again to a minimum...
Over 700,000 businesses
During seed funding round
According to SME/sole trader survey
Investment house takes part in Britain’s Healthiest Workplace Study
In light of BBC investigation