Help Centre for Payroll bureaux

When will auto enrolment minimum contributions increase?

Under auto enrolment legislation, minimum pension contributions are required to increase over time.

The next increase will happen on 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
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
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
“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
“Redington’s Investment Committee assigned an Approved Rating to the NPI DGF and positive on the fund.” — Redington
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