Govt scolded over auto-enrolment contributions delay

The Chancellor George Osborne announced in the Autumn Statement that the next two phases of minimum contribution rate increases will be aligned to tax years. Instead of increases taking place in October, they will now occur in April of the following year, saving the government more than £800m in tax relief costs by 2019, it estimated. A planned increase from 2% to 5% due in October 2017 will be postponed to April 2018, and the planned increase from 5% to 8% due in October 2018 will be postponed until April 2019. The change will benefit the smallest employers in particular, the gove...