Auto Enrolment Update

Pension contributions are increasing from 6 April 2018!

As employers you may already have a number of employees enrolled in Auto Enrolment pension schemes. You may also be aware that The Pension Regulator originally postponed the increase to contributions. However, the new date is nearly upon us!

From 6 April 2018 the new increases will take effect, it is best practice to inform all your staff members now so that there won't be any surprises for them in their April payslips!

Date Employer minimum contribution Total minimum contribution
Employer's staging date to 05/04/18 1% 2% (including 1% staff contribution)
06/04/18 - 05/04/19 2% 5% (including 3% staff contribution)
06/04/19 onwards 3% 8% (including 5% staff contribution)

For more info, please contact us.