Auto-enrolment Pensions: Changes to minimum contributions
If you operate an auto-enrolment pension scheme for your staff, you should be aware that the current minimum total contribution of 5% will increase to a total minimum contribution of 8% with effect from April 2019.
Date effective | Employer’s minimum contribution | Staff contribution | Total minimum contribution |
---|---|---|---|
April 2018 until March 2019 |
2% | 3% | 5% |
April 2019 to March 2020 |
3% | 5% | 8% |