Participation agreement September 2017


Important Notice:

Over time, auto enrolment minimum contributions are due to increase.  The government set a timetable for the increases, however last year Parliament confirmed the timetable will be pushed back 6 months.  See table below. 

Original dates New dates Total minimum contributions* Employer minimum contributions*
To 30 September 2017 To 5 April 2018 2% 1%
1 October 2017 to 30 September 2018 6 April 2018 to 5 April 2019 5% 2%
1 October 2018 onwards 6 April 2019 onwards 8% 3%

              * these percentages are based on qualifying earnings.

You should have received or will shortly receive an email from us explaining the delay to auto enrolment phasing and any specific changes required to your Participation Agreement or Contribution Models.  If you have any questions on the above please contact us on: or visit the NOW: Pensions website where there are further details. 

Unless agreed otherwise by NOW: Pensions, your Participation Agreement is varied with effect from September 2017 as follows:


The dates specified within the rates of contributions table(s) within the Schedule of Payments/Payments Schedule are deleted and replaced with:


To 5 April 2018

6 April 2018 to 5 April 2019

From 6 April 2019


The following clause is inserted below the table:

Where minimum contribution rates for an employer and/or contribution dates are varied as a result of a change in the Automatic Enrolment Laws, the Schedule of Payments/Payments Schedule will be deemed updated to reflect the change from the effective date of the change. Unless you notify the Trust Manager otherwise, the Member contribution rate shall be increased from time to time to the extent necessary so that, when combined with the minimum employer contribution rate required by the Automatic Enrolment Laws, the total contribution rate in respect of each Member will be equal to the overall minimum rate required by the Automatic Enrolment Laws. The Trust Manager will provide prior written notification (which may be via electronic communications and/or on the NOW: Website) of such changes.


Expressions used in this website notification have the meaning set out in the Participation Agreement. No other terms within the Participation Agreement are affected by this change.

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,