Pension contribution increase letter template
Reviewed 27 February 2019
A model pension contribution increase letter template to assist you in managing this event with a best practice method.
Pension contribution increase
Dear [Recipient first name],
The amount you're paying into your workplace pension is going up
To help you save for later life, we've set up a workplace pension scheme for you with [provider name] (it's a legal requirement). It's your pension pot and your money, it'll belong to you even if you decide to change employer.
[The law requires both employers and employees to gradually increase the amounts paid into your pension pot. It's been introduced in stages to help you better prepare for the future. By law, ]the amount [you|we] will pay into your pension pot is going up by [percentage]%.
Here's how the levels of contributions look:
[Show/describe the current levels, and any changes to contribution levels here]
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