Steven Cameron: Four personal finance changes taking effect tomorrow

AE, LTA and more

clock • 5 min read

The new tax year begins tomorrow and, with it, come a quartet of important changes to clients' personal finances. Steven Cameron takes a closer look

Auto-enrolment minimum contributions rise What's the change? Since its introduction in 2012, more than 10 million people have been automatically enrolled into a workplace pension. On launch, the total minimum contribution level was set at 2%, remaining at this level until April 2018 when it increased to 5%. From 6 April, this will rise further to a level of 8% of earnings between £6,136 and £50,000, incorporating a 3% employer contribution, a 4% employee contribution, and government tax relief topping this up by 1%. The earnings trigger for automatic enrolment remains at £10,000 for 2019/...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Tax planning

'A lot of fear out there': SJP's Claire Trott on IHT on pensions

'A lot of fear out there': SJP's Claire Trott on IHT on pensions

‘Any change drives advice’, head of advice says

Sophia Panayi
clock 29 June 2026 • 3 min read
Paying IHT on pensions: The potentially 'gruelling' process for personal representatives

Paying IHT on pensions: The potentially 'gruelling' process for personal representatives

'Pension entitlements cropping up much later will cause a big headache for PRs'

Rachel Pinn
clock 25 June 2026 • 12 min read
Turning tax year-end regret into a new tax year opportunity

Turning tax year-end regret into a new tax year opportunity

The most common regret is leaving things too late

Sophie Hall
clock 24 June 2026 • 3 min read