Help Centre for Employers

Minimum pension contributions may have increased

The minimum contributions employers and their employees pay into automatic enrolment workplace pension scheme may have increased from April 6th 2019. It is the employers’ responsibility to make sure these increases are implemented.

Auto enrolment statutory minimum contributions are detailed below. These are based on qualifying earnings. For the 2019/2020 tax year, this range is between £6,136 and £50,000 a year (£512 and £4,167 a month, or £118 and £962 a week).

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

By law a total minimum amount of contributions must be paid into the scheme. You, the employer, must make at least the minimum employer contribution towards this amount and your employees must make up the difference. If you are already paying more than the minimum then this change wouldn’t have affected you.

For more information visit this section of The Pension Regulator’s website.

Keep your staff up to date with our handy communications toolkit

To help you, we have developed a range of communication tools, including email templates, posters and videos that explain what is happening as well as benefits of having a pension, that you can share with your employees. You can find these here below.

 

Why have a pensions? - video - NOW: Pensions

What is a pension?

This short video explains the benefits of the NOW: Pensions scheme to your employees. Copy and paste this www2.nowpensions.com/whyhaveapension into an email to send it to them.

Increased contribution – Understanding the increase video

Increased contribution – Understanding the increase

Please copy and paste this link into an email to send to your employees.

Template email for your employees

Template email for your employees

An email you can personalise to your business, informing staff about the increase in minimum workplace pension contributions, including important facts and dates.

A promotional poster | crystal ball

Raise awareness about the increase in workplace contributions amongst your staff with this poster.

A promotional poster | rocket

A promotional poster | rocket

Raise awareness about the increase in workplace contributions amongst your staff with this poster.

Messages for your workers’ payslips

Messages for your workers’ payslips

Example messages that you can use in your workers’ payslips to let them know about the upcoming changes.

Member Leaflet

Member leaflet

This leaflet highlights the benefits of saving into a workplace pension. This contains all the information they require about saving with NOW: Pensions. The leaflet format allows them to easily refer to it when necessary.

Educational leaflet

Educational leaflet

A leaflet that acts as a take-home for your staff. This contains all the information they require about the increase in minimum workplace pension contributions. The leaflet format allows them to easily refer to it when necessary.

 

NOW: Pensions has a good technical infrastructure combined with a pension product suitable for our team. We couldn’t be happier with NOW: Pensions.
Martin Woods, SALT.agency