Auto-enrolment Pensions, Rate Increases

In addition to the changes to the minimum rates of pay on 1 April, there are also increases to the Auto-Enrolment pension contributions on 6 April 2018 with further increases on 6 April 2019

 

  Employer minimum contribution Staff contribution Total minimum contribution
 

To 05/04/18

 

1%

 

1% 2%
 

From 06/04/18 to 05/04/19

 

2%

 

3% 5%
 

From 06/04/19 onwards

 

3%

 

5% 8%

 

These contributions are set on earnings over £113 per week up to an upper limit of £866 per week

By | 2018-04-23T21:28:55+00:00 April 23rd, 2018|Payroll|0 Comments

About the Author: