DWP moves to delay auto-enrolment rate rises

The six-month delay was first announced by Chancellor George Osborne in his Autumn Statement in November 2015 and is aimed to align rate rises with tax years. Employer contributions to auto-enrolment schemes were expected to rise from 1% to 2% in October 2017, but this will not happen until April 2018. A further rise of employer contributions to 3% has also been pushed back from October 2018 to April 2019. Increases in employee contributions and government tax relief have also been delayed. Savers will now have to wait until April 2019 before contribution rates meet the planned ...