News updates

01 April 2019

Hot topic

Auto Enrolment contributions – does this affect you?

From 6 April, there will be an increase in the contributions that some Industry-Wide Defined Contribution (IWDC) Section members – and their employers – need to make each month.

Within the RPS, this change is likely to only affect members of the IWDC Section whose contributions are currently below the new minimum. For example, if contributions are based on qualifying earnings, from 6 April 2019 the minimum total contribution rate will be 8% of these earnings, of which your employer must contribute at a rate of at least 3%.
 

Your employer should let you know if your contributions will be changing – and by how much if you are affected by this change.

If you’re unsure which Section of the Scheme you’re currently part of, please log into your myRPS account to check – or register if you don’t yet have an account.

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