Help Centre

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
Why do we insist on having a choice of fund manager when the evidence shows there is usually no benefit to be gained…and there is always a negative impact in terms of cost? — Anthony Hilton financial editor of the Evening Standard writing in Pensions World, June 2013
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 backing NOW: Pensions, the ATP project, because I believe it will encourage transparency, low costs and decent returns for millions of British employees. — Nigel Waterson, former Shadow Pensions Minister
There is a need for a member-centric solution designed for ease of use with low costs and cutting edge investment strategy, which delivers long term stable returns. ATP's in-house investment capabilities, combined with our novel and innovative… — Lars Rohde, Governor of the National Bank of Denmark and Former CEO of ATP Group