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    • sithmaster
    • By sithmaster 24th Feb 18, 8:24 PM
    • 246Posts
    • 63Thanks
    In need of advice
    • #1
    • 24th Feb 18, 8:24 PM
    In need of advice 24th Feb 18 at 8:24 PM
    Hi all, I joined the auto enrolment pension in 2013, I'm currently paying 1% and my employer pays the same.

    However I noticed on my paper work that my employer will start paying 5% as from October 2017 and 8% from October 2018.

    I have spoken to my pension provider and this has not happened.

    I have then spoken to the payroll of my employer and they have said they will not honour this

    What should I do?
Page 1
    • HappyHarry
    • By HappyHarry 25th Feb 18, 7:33 AM
    • 565 Posts
    • 839 Thanks
    • #2
    • 25th Feb 18, 7:33 AM
    • #2
    • 25th Feb 18, 7:33 AM
    The dates have been changed to April 2018 and April 2019.

    The employer contribution is not that high;

    Now - total contribution is 2%, of which employer must pay 1%

    April 2018 - total contribution is 5%, of which the employer must pay 2%

    April 2019 - total contribution is 8%, of which the employer must pay 3%

    So, you will see your contribution going up more than your employers.
    I am an Independent Financial Adviser. Any comments I make here are intended for information / discussion only. Nothing I post here should be construed as advice. If you are looking for individual financial advice, please contact a local Independent Financial Adviser.
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