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From April 2018, the minimum contributions for the workplace pension will increase. This is a nationwide change, involving millions of people and their employers across the country

Workplace Pensions

 
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From April 2018, the minimum contributions for the workplace pension will increase. This is a nationwide change, involving millions of people and their employers across the country.

The changes will take place in April 2018, and again in April 2019.


Date effective

Sodexo’s minimum contribution

Your minimum contribution

Total minimum contribution

Currently, until April 2018

1%

1%

2%

April 2018 to March 2019

2%

3%

5%

April 2019 onwards

3%

5%

8%


You and Sodexo may already pay more than the minimum contributions. If your payments are greater than the increased minimum levels, you will not need to pay any more.

Get to know the benefits and find out more information at http://www.workplacepensions.gov.uk/employee/

Sodexo's pension provider, Legal & General, is here to help you make the most out of your finances.

The L&G finanical wellbeing site is full of support and advice to reduce any of your money worries. Click here to access the site and be in control, be prepared and get financially happy.

Did you also know you can manage your pension account online? Click here to find out more and register. It’s easy to use with video tutorials to help you make the most of the online services.

 

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