The auto enrolment minimum is initially 2% of which at least 1% must be paid by the employer. In April 2018, this increases to 5% of qualifying earnings of which at least 2% must be paid by the employer. In April 2019 this rises again to of 8% qualifying earnings 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||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 details read ‘Introduction to auto enrolment contributions’ <<<<<<<<<