Help Centre for Advisers

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

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
NOW: Pensions' risk management and diversified growth fund are state of the art. — Win Robbins, former Head of European Fixed Income Barclays Global Investors
“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
I firmly believe in NOW: Pensions' principle that everyone deserves the right to a better retirement. I look forward to being part of the team which aims to achieve this in the UK. — Win Robbins, former Head of European Fixed Income Barclays Global Investors
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