Government pledges to cover costs of increased employer pension contributions until 2023/24
The Government will cover the cost of the increased employer contribution rate until 2023/24, the Treasury has confirmed.
In a consultation response to the NHS pension scheme, the Government announced that it will introduce a new contribution rate of 20.6%, in addition to a 0.08% administration charge, for employers from 1 April 2019.
This represents an increase of 6.3 percentage points from the current tax year. Hide related content:
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Source: Management in Practice - Category: Practice Management Authors: Angela Sharda Tags: *** Editor ' s Pick Latest News Source Type: news