We are all aware that the Governments Auto-Enrolment Pension Scheme started last October with all companies no matter what size will have to comply with the new regulation by 2017. The Government has set a minimum total percentage that has to be contributed by employers increasing every year i.e. 2013 2017 – 1% is to be contributed by the employer and the employee 2017 2018 2% is to be contributed by the employer and 3% by the employee 2018 on-going 3% is to be contributed by the employer and 5% by the employee
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