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Auto-enrolment Pension and pay rises
boycey3
Posts: 13 Forumite
Apologies if this question has been asked before. I understand with auto-enrolment pension that employers are bound to pay a minimum % of salary in. Could I ask if anyone knows what happens in the event of a pay-rise, should the employer contribution immediately rise, or is it rebased at the end of the tax year?
Thanks in advance.
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Comments
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Immediately....1
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Its immediately however if the pay rise takes you above £50270, the employer legally only has to apply the % amount below that (and above £6240) but they could apply it to all your earnings.
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Thanks for the responses, very much appreciated
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