Practice News

Important news from Parkhurst Hill

Auto-Enrolment - What you need to know

Two planned rises in minimum contribution rates under auto-enrolment have been delayed, the Government has announced.

The move will save the Treasury £390m in 2017/18 and £450m in 2018/19.

As part of Autumn Statement 2015 Chancellor George Osborne said the increases would be aligned with the tax year to ease the burden on employers.

“To help business with the administration of this important boost to our nation’s savings we will align the next two phases of contribution rate increases with the tax years.

The rise to 5 per cent will take effect from April 2018 and to 8 per cent from April 2019.

Under previous plans minimum contributions would have risen from 2 per cent of qualifying earnings, to 5 per cent from October 2017 and to 8 per cent from October 2018.”

HAPPY

CLIENTS

Keith has been involved in my business for its entire eight years, providing advice and helping to set it up initially. In the interim Keith has provided book keeping, tax and general accountancy services for Design Development Ltd. assisting in all aspects of its financial streamlining.

Keith (and his staff) are always available to provide helpful and incisive support when called upon and I have personally found Keith to have the utmost integrity when dealing with my affairs.

Ian Russell