Help Centre for Advisers

What are the minimum auto enrolment contribution rates?

The auto enrolment minimum is initially 2% of which at least 1% must be paid by the employer. Over time this increases to a total of 8% of which at least 3% must be paid by the employer.

These contributions are set on earnings over £113 per week up to an upper limit of £866 per week.  You have the flexibility to pay contributions at a rate that suits your business objectives, subject to these being at least equal to the minimum requirements above.

 

Date Employer minimum contribution Total minimum contribution
Before April 5 2018 1% 2% (including 1% staff contribution)
April 6 2018 – April 5 2019 2% 5% (including 3% staff contribution)
April 6 2019 onwards 3% 8% (including 5% staff contribution)

>>>>>>>>> For more details read  ‘Introduction to auto enrolment contributions’ <<<<<<<<<

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
NOW: Pensions is supportive, easy for our employees to understand and uncomplicated in terms of its implementation. Its structured approach removes the complicated investment choices & makes auto-enrolment a straightforward and simple process. — Mark Manaton, Managing Director, Blue Arrow Group
Over a short period of time, NOW: Pensions has established itself as a respected and credible player in the UK workplace pensions market attracting thousands of employers and hundreds of thousands of members. Joining the team at such a crucial time… — Jocelyn Blackwell, Founder of Dunnett Shaw and Raising Standards in Pensions Administration
...its simple design means the pressure is taken off us as the employer and avoids costly administration charges, whilst removing the burden of choice and ensuring the best possible retirement outcome for our employees. — Matthew Johnson, Head of Compensation and Benefits at Adecco Group UK & Ireland
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