Help Centre for Employers

Have auto enrolment minimum contribution increases been delayed?

Under auto enrolment legislation, minimum pension contributions are required to increase over time. This happens on set dates. Originally, auto enrolment minimum contributions were due to rise in October 2017 and again in October 2018.

These increases were pushed back by six months by the government and the increases will now happen on 6 April 2018 to a total of 5% of qualifying earnings of which 2% must be paid by the employer and 6 April 2019 to a total of 8% of qualifying earnings of which 3% must be paid by the employer.

Date Employer minimum contribution Employee minimum contribution Total minimum contribution
Before April 5 2018 1% 1% 2%
April 6 2018 – April 5 2019 2% 3% 5%
April 6 2019 onwards 3% 5% 8%

For more information

http://www.nowpensions.com/wp-content/uploads/2016/01/An-introduction-to-auto-enrolment-contributions.pdf

ATP comes to the UK pensions world with the highest commendations from the Danish trade unions, employers and government. NOW: Pensions' offering in the UK will be high quality, low cost, and honest and I'm proud to be associated with it. — John Monks, member of House of Lords and former General Secretary of ETUC and TUC
I've known ATP for many years and have enormous respect for the effectiveness of their investment strategy. I'm convinced that NOW: Pensions can become a major player in the UK and look forward to being a part of that success. — Chris Daykin, the former Government Actuary
I am excited to be joining such a distinguished Board of Trustees, over-seeing a modern, transparent, cost efficient and high-performing pension fund. — Win Robbins, former Head of European Fixed Income Barclays Global Investors
I'm excited by the opportunity to help bring to the UK auto-enrolment market NOW: Pensions, a customer-friendly and responsive trust-based alternative to NEST and to contract-based offerings. — Chris Daykin, the former Government Actuary
“We were impressed with the simplicity of its scheme. The ease of implementation was also a big plus for us and has removed much of the administrative headache.” — Neil Tune, HR director at Fitness First