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Automatic Pension Enrolment
- January 01, 2019
As of 5th April 2018, the pension contributions are changing. By law a total minimum amount of contributions must be paid into the scheme. The employer, must make a minimum contribution towards this amount and the employee must make up the difference.
The table below shows the minimum contributions to be made and when:
| Date | Employer minimum contribution | Staff contribution | Total minimum contribution |
|---|---|---|---|
| Until 5 April 2018 | 1% | 1% | 2% |
| 6 April 2018 to 5 April 2019 | 2% | 3% | 5% |
| 6 April 2019 onwards | 3% | 5% | 8% |