Increase in deductions for pensions means a decrease in take home pay for many
Millions of workers who are auto-enrolled into pensions will see deductions from wages triple when they receive their April wage slip, says Rebecca Goldring, a tax manager at leading accounting, tax and advisory practice Blick Rothenberg. “On April 6th this year a relatively modest 0.8% deduction from workers’ pay packets into their auto-enrolment pensions is set to increase to 2.4%, with an additional rise to 4% to come into eff ect in April 2019,” said Rebecca. Employers’ contributions are also set to increase from 1% to 2% of qualifying earnings with a further increase to 3% from April 2019
onwards. Rebecca said: “With reports that almost one in eight British individuals set to retire in 2018 will rely solely upon the state pension for income, the government is trying to change the status quo by gently introducing workers’ into saving for their retirement. However, for many this increase will feel like a harsh jolt. “The Bank of England forecasts wage growth this year and with a rise in the income tax threshold this should boost spending and put more cash in workers’ pockets. However, the increase in monthly auto-enrolment pension contributions may result
WIN A FAMILY TICKET TO SEE ®
• PRINCIPALITY STADIUM • 19th MAY 2018
MONSTER JAM
Families of the UK rev your engines for the ride of your life! The larger-than-life sport that always leaves you entertained, Monster Jam®, is returning to Cardiff’s Principality Stadium on Saturday 19th May to deliver unexpected, unscripted and unforgettable entertainment for the entire family. Monster Jam takes centre stage in the world’s most iconic venues, Principality Stadium, sporting meticulously manicured dirt tracks created with the sole purpose of pushing these perfectly engineered, ever-evolving trucks to the limit.
From the legendary team that brings you Disney On Ice and Marvel Universe LIVE!, Feld Entertainment returns to the UK with Monster Jam. This adrenaline charged, non- stop action motorsports spectacular is set to be more jaw dropping than ever before. Champion drivers push themselves to their limits in both championship racing and gravity-defying freestyle competitions to
fuel fans with an adrenaline rush like never before. Combining high-octane, spontaneous stunts with the ultimate off-road motorsport competition, fans will witness the unexpected and the unforgettable. Twelve of the world’s most famous Monster Jam trucks, including Monster Jam World Finals® champions Grave Digger® and Max- DTM, will be roaring into Cardiff to bring thrill and excitement like no other show out there. Sign up to be a Priority Customer and get your tickets now! For more information visit:
www.MonsterJam.co.uk
Cardiff & South Wales Advertiser have a family ticket to be won. For your chance to win, answer the question correctly and send the coupon to: Cardiff & South Wales Advertiser, Monster Jam competition, Mackintosh House, 136 Newport Road, Cardiff. CF24 1DJ. Alternatively enter online at
www.cardiffandsouthwalesadvertiser.com
Terms & Conditions: • A family ticket consists of four (4) tickets; maximum of 2 adult tickets plus up to 2 children tickets. • The ticket is valid only for the Monster Jam show taking place on Saturday 19th May 2018 at the Principality Stadium in Cardiff. • Pit Party passes for the family are also included. • Children must be accompanied by an adult. • Closing date for entry is Thursday 26 April 2018 • Strictly one entry per household.
HOW MANY WORLD FAMOUS MONSTER JAM TRUCKS WILL BE ROARING IN CARDIFF THIS MAY?
Name ........................................................................................................................................................................................................... Address ........................................................................................................................................................................................................ Post Code ........................................................ Telephone ..........................................................................................................................
Email ............................................................................................................................................................................................................ CD: 26/04/18
6 - Friday 13th April 2018 - Cardiff & South Wales Advertiser
in a decrease in take home pay for some workers.” She added: “Owing to the squeeze on consumers and the continuing diffi culty for people to get on the housing ladder we may fi nd many, particularly the younger generation, choosing to opt out of the pension in favour of saving for a house deposit or to keep up with living costs. “Those who do decide to opt out will however unfortunately forfeit the employer contributions, tax relief from the Government and any increase in the value of their pension that could be built up through investment growth over their working life.”
Connect with
Carwyn in
Llanelli
First Minister Carwyn Jones is inviting people in Llanelli to a question and answer session with him on Thursday 19 April 2018. The First Minister wants to hear your ideas and answer your questions on the issues that matter to you. The session will take place at the Selwyn Samuel Centre, Park Crescent, Llanelli, SA15 3AE between 6pm and 7:30pm. You can register your interest in attending Carwyn Connect Llanelli via
https://www.eventbrite.co.uk/e/cyfarfod-carwyn-carwyn-connect-tickets- 43652579039?aff =ehomecard. Questions can be submitted upon arrival at the venue, emailed in advance to
cabinetcommunications@gov.wales or via Twitter using @fmwales and the #carwynconnect hashtag. First Minister Carwyn Jones said: “It has been almost three years since I held the fi rst Carwyn Connect session. Since then, I have travelled the length and breadth of Wales to hear the views of local communities and answer people’s questions. “I am pleased to announce the next session will take place in Llanelli. I would like to see as many people as possible at the Selwyn Samuel Centre, so if you have a question for me, want to raise issues aff ecting your community or have a great idea that would make your home town a better place to live, please come along. “This is your chance to ask me the questions you most want answered. I’m really looking forward to meeting you all and hearing what you have to say.”
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info@advancedgatetec.com Web:
www.advancedgatetec.com
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