2025 Retirement Plan Take Home Pay 
Employee Benefits
SEPTEMBER 14, 2023
The cost to the employee of this increase in contribution is a reduction in take home pay of less than £12 per month (£136pa). The impact on the employee’s pension pot is that the estimated pension pot value at retirement is increased by 25%, from £99,341 to £124,177.
Griffin Benefits
JUNE 29, 2023
contains dozens of changes to retirement plans, but perhaps none bigger than these two: New 401(k) and 403(b) plans will be required to automatically enroll participants in the respective plans, and employee salary deferral rates will automatically escalate each year. The SECURE Act 2.0
Expert insights. Personalized for you.
64 
Let's personalize your content